2024 Standard Deduction For Single Seniors Over 65
2024 Standard Deduction For Single Seniors Over 65. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; 65 or older or blind:
Claim this amount if you were 65 years of age or older on december 31, 2023, and your net income ( line 23600 of your return) is less than. Key highlights of the standard deduction for seniors over 65 include:
65 Or Older Or Blind:
If you are 65 or older and blind, the extra standard deduction is $3,700 if you are single or filing as head of household.
The 2023 Standard Deduction For Tax Returns Filed In 2024 Is $13,850 For Single Filers, $27,700 For Joint Filers Or $20,800 For Heads Of Household.
2024 additional standard deduction amounts:
The Personal Exemption For 2024 Remains At $0.
Images References :
If You Are A Single Senior Over The Age Of 65, You Can Claim An Additional Standard Deduction Of $1,950, Married Seniors Are Entitled To An Additional $1,550.
The personal exemption for 2024 remains at $0.
If You Are 65 Or Older And Blind, The Extra Standard Deduction Is:
The standard deduction for seniors over 65 is $27,300 for married couples filing jointly and $14,700 for single filers.
Standard Deduction For Single Seniors Over 65 The Extra Standard Deduction, Available For Seniors, Continues To Provide Valuable Tax Benefits In 2023 And Is.