October 6, 2024

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2024 Standard Tax Deduction Over 65

2024 Standard Tax Deduction Over 65. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to. For 2024, the standard deduction is $1,550 more than the deduction available to those younger than 65.


2024 Standard Tax Deduction Over 65

If you are both, you get double the additional deduction. The basic standard deduction in 2024 and 2025 are:

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