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  2. Retirees 65 and Older Eligible for Extra Standard Deduction ...

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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 ...

  3. Retirees Often Overlook These 11 Tax Deductions - AOL

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    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 ...

  4. What Is the Standard Deduction for People Over 65 in 2023? - AOL

    www.aol.com/finance/standard-deduction-people...

    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 ...

  5. Taxes 2024: IRS Increases Tax Deductions $1,500 To ... - AOL

    www.aol.com/finance/taxes-2024-irs-increases-tax...

    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.

  6. The Best Tax Deductions and Tax Breaks for 2024-2025 - AOL

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    24/7 Help. For premium support please call: ... it expired in 2023, and the allowable meal deduction returned to 50%. ... The standard deduction amounts for tax year 2024 are as follows: Single ...

  7. Important changes you need to know about this 2024 tax season

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    Next, the standard deduction is increasing—also because of inflation—it's up $1,800 from last year to $27,700 for married couples filing jointly. For single taxpayers, the standard deduction ...