Income Tax Standard Deduction 2024 For Seniors

Cordey Dominique2024 Income Tax Standard Deduction 2024 For Seniors
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Income Tax Standard Deduction 2024 For Seniors. You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. Standard deductions for 2024 the 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.


Income Tax Standard Deduction 2024 For Seniors

The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. If youโ€™re a retiree, you probably donโ€™t have employment income.

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