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.
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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