Standard Deduction For 2024 For Seniors Over 70

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Standard Deduction For 2024 For Seniors Over 70

Standard Deduction For 2024 For Seniors Over 70. There’s even more good news for older taxpayers. Taxpayers who are age 65 or older can claim an additional standard deduction, which is.


Standard Deduction For 2024 For Seniors Over 70

If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550. Your standard deduction consists of the sum of the basic standard.

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