Irs 2024 Standard Deduction For Seniors . The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving spouse). Older adults have special tax situations and benefits.
Tax information for seniors and retirees, including typical sources of income in retirement and special tax rules. Everyone knows about the standard deduction, which is a flat dollar amount determined by the irs that lowers your taxable income without having to itemize.
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