2024 Irs Standard Deduction Over 65 Age
2024 Irs Standard Deduction Over 65 Age. The 2024 tax year brings specific considerations for seniors, including an additional standard deduction that is designed to provide financial relief and acknowledge the unique financial challenges faced by this age group. Irs extra standard deduction for older adults.
You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. The basic standard deduction in 2024 and 2025 are: