2024 Irs Standard Deduction Over 65 Age

2024 Irs Standard Deduction Over 65 Age. Learn how to claim the extra standard deduction for people 65 and older, which can reduce your taxable income and increase your retirement savings. For the 2024 tax year (filed in 2025), the irs has set the standard deduction as follows:


2024 Irs Standard Deduction Over 65 Age

Find out the amount, rules, and exceptions for different. Seniors over age 65 have access to an additional $1,850 standard deduction on top of their base rate, which helps reduce taxable income and gives them more financial.

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