Standard Deduction 2024 Over 65 Mfj

Standard Deduction 2024 Over 65 Mfj. For participants with family coverage, an annual deductible that is not less than $5,550 but not more than $8,350 in 2024. The standard deduction is an amount that seniors can claim on their taxes.


Standard Deduction 2024 Over 65 Mfj

The extra deduction per qualifying spouse will increase from $1,550 in 2024 to $1,600 in 2025, a $50 increase per qualifying spouse. The deduction will rise to $15,000 for single filers and those married filing.

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