2024 Standard Deduction Over 65 Tax Brackets. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. But those age 65 or over can take an even higher standard deduction โ $15,700 for single filers and $30,700 for those who are married and filing jointly. Page last reviewed or updated:
If your gross income exceeds the required filing threshold, you must file taxes. The 2024 standard deduction amounts are as follows:
Single Filers And Married Couples Filing Separately Received $750 More, At $14,600.
Here are the irs filing thresholds by filing status:
Taxpayers Will Also See An Increase On Their Standard Deduction.
The 2024 standard deduction amounts are as follows:
People Who Are Age 65 And Over Have A Higher Standard Deduction Than The Basic Standard Deduction.
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For 2023, The Standard Deduction Amount Has Been Increased For All Filers.
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.
There Are Seven Federal Income Tax Rates And Brackets In 2023 And 2024:
People 65 or older may.
There Are Seven Federal Tax Brackets For Tax Year 2024.