What Is Standard Tax Deduction For 2024 For Seniors

What Is Standard Tax Deduction For 2024 For Seniors. The standard deduction for seniors is rs.50,000, as per the most current revisions to the income tax act. In total, a married couple 65 or older would have a standard deduction of $32,300.


What Is Standard Tax Deduction For 2024 For Seniors

The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. In total, a married couple 65 or older would have a standard deduction of $32,300.

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