Standard Deduction 2024 Over 65 Mfj

Standard Deduction 2024 Over 65 Mfj. The additional standard deduction amount will increase to $1,950 if the individual is unmarried and. Publication 17 (2023), your federal income tax


Standard Deduction 2024 Over 65 Mfj

The additional standard deduction for people who are 65 or older is $1,950 for single filers or heads of household, and $1,550 for married couples filing jointly. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.

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