Irs Standard Deduction Seniors Over 65 2024. What is the standard deduction for seniors over 65? In addition to the regular standard deduction available to all taxpayers, seniors aged 65 and older qualify for an extra standard deduction.
If you don’t itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700.
Irs Standard Deduction Seniors Over 65 2024 Images References :
