Standard Deduction 2024 For Seniors . Senior discounts are commonplace in restaurants, but there's one for taxes too. It's called the extra standard deduction, exclusively for people who are 65 years and older by the.
If you are married and filing jointly or separately, and either you or your spouse is 65 or older or blind, you can each claim an extra standard deduction of $1,550 for the 2024 tax. A deduction reduces the amount of a taxpayer’s income that’s subject to tax, generally reducing the amount of tax the individual may have to pay.
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