Irs Standard Deduction Tax Year 2024 Over 65

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Irs Standard Deduction Tax Year 2024 Over 65. Age is a factor in determining if you must file a return only if you are 65 or older at the end of your tax year. For single filers and heads of households age 65 and over, the additional standard deduction will increase slightly โ€” from $1,950 in 2024 (returns youโ€™ll file soon in early 2025) to.


Irs Standard Deduction Tax Year 2024 Over 65

The personal exemption for 2024 remains at $0 (eliminating the personal exemption was part of the tax cuts. The standard deduction is indexed for inflation annually.

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