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For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older OR blind are: $1,850 for single or head of household. $1,500 for married taxpayers (per qualifying ...
The standard deduction for those over age 65 in 2023 (filing tax year 2022) is $14,700 for singles, $27,300 for married filing jointly if only one partner is over 65 (or $28,700 if both are), and ...
The standard deduction may be higher than the basic standard deduction if any of the following conditions are met: The taxpayer is 65 years of age or older. [22] The taxpayer's spouse is 65 years of age or older. [23]
Read on to learn more about the most common tax deductions. 1. Standard Deduction. ... Individuals who are 65 or older and those who are blind can claim an additional $1,750 for tax-year 2022 ...
Here are the standard deductions for the 2022 and 2023 tax years: Single: $12,950 for 2022, $13,850 for 2023. Married, filing jointly: $25,900 for 2022, $27,700 for 2023.
For the 2024 tax year, the standard deduction is: ... who qualify as both blind and at least 65. For the 2025 tax year, the standard deduction will be: ... find a 2,500-year-old shipwreck in the ...
Call 800-829-1040 for live assistance with the TCE and 888-227-7669 for more information about Tax-Aide. 5. Additional standard deductions. ... ages 65 and older to claim a tax credit of ...
For those 65 or older or blind, the additional standard deduction for married taxpayers or qualified widows(ers) is $1,400, an increase of $50. This applies to tax returns filed in 2023 .