Senior Standard Deduction For 2024 Tax Year. She would use the revenue from that and other policies to sustain tax cuts for the middle class that are set to expire after 2025 as well as offer new tax breaks to. Senior citizens have higher deduction limits and exemption benefits than younger taxpayers.


Senior Standard Deduction For 2024 Tax Year

The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. 2024 standard deduction over 65.

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