2024 Standard Deduction Over 65 Chart . The deduction is allowed for a maximum interest income of up to ₹ 50,000 earned by the senior citizen. The standard deduction for seniors over 65 is $27,300 for married couples filing jointly and $14,700 for single filers.
This higher deduction helps to offset some of. Budget 2024 speech highlights live:
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Irs Standard Deduction Seniors Over 65 2024 Dona Fidelity , For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for.
