2024 Tax Brackets And Standard Deduction Over 65. Depending on your tax rate and filing status, you’ll owe different amounts on different parts of your income depending on your taxable income. Therefore, you can take a higher standard deduction for 2023 if.
The additional standard deduction for 2024 is $1,950 (up $100 from 2023) per single person (or head of household) or $1,550 (up $50 from 2023) per qualifying individual that is married filing jointly or separately. Also, for 2025, it’s predicted that the.
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