2024 Standard Deduction Mfj For Senior Citizens , 2024 Standard Deduction Mfj For Senior Citizens. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. The basic standard deduction in 2024 and 2025 are: Understanding the income tax slab rates and available deductions can significantly affect tax planning and overall financial health. If you don’t itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year. 2024 Standard Deduction Mfj For Senior Citizens Images References : 2024
2024 Standard Deduction Mfj For Senior Citizens. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. The basic standard deduction in 2024 and 2025 are: Understanding the income tax slab rates and available deductions can significantly affect tax planning and overall financial health. If you don’t itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year.