2024 Standard Deduction For Seniors Over 65. If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550. Individuals over 65 are eligible for a higher standard deduction compared to younger taxpayers.
In this article, we’ll look into what the standard deduction entails for individuals over 65 in 2024 and 2025, how it differs from standard deductions for younger taxpayers, and. Section 194p of the income tax act, 1961 provides conditions for exempting senior citizens from filing income tax returns aged 75 years and above.
2024 Standard Deduction For Seniors Over 65 Images References :
