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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 ...
24/7 Help. For premium support please call: ... Here are 11 tax deductions senior citizens should know about. ... the annual contribution limit for the 2023 tax year was $7,500 or the total ...
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 ...
Here are additional 2024 standard deductions for those over 65 showing the IRS’s tax inflation adjustments: Joint filers and surviving spouses can deduct an additional $1,550 per person over 65.
Tax Deductions For the 2024 Tax Year The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023.
24/7 Help. For premium support please call: ... 2024 at 7:01 AM. ... He said you might also have access to tax credits and deductions — i.e., the Senior Tax Credit — as well as those related ...