Standard Tax Deduction 2024 For Seniors Over 70

Standard Tax Deduction 2024 For Seniors Over 70. Over the last decade the cola increase has averaged about 2.6 percent. 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.


Standard Tax Deduction 2024 For Seniors Over 70

For single taxpayers and married. For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:

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