Standard Deduction 2024 Over 65 . The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. Find out the standard deduction amounts for different filing statuses and age groups in 2024 and 2025.
Before delving into the extra standard deduction for older adults aged 65 and older, reviewing the regular standard deduction and how it works for 2023 is helpful. Learn how to reduce your tax bill with.
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