2024 Standard Deduction Over 65 Mfj
2024 Standard Deduction Over 65 Mfj. Taxpayers who blind and/or are age 65 or older can claim an additional standard deduction, an amount that’s added to the regular standard deduction for their filing status. People 65 or older may be eligible for a higher.
In the standard deduction section, shouldn’t the amount for the 2024 single, age 65 and over be $16,150 rather than $16,550? The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.