2024 Standard Tax Deduction For Seniors Uk. If you’re 65 or older and also blind, add $3,700 to $13,850 standard deduction. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.
The 2024 tax year brings specific considerations for seniors, including an additional standard deduction that is designed to provide financial relief and acknowledge the unique financial challenges faced by this age group. Seniors over age 65 have access to an additional $1,850 standard deduction on top of their base rate, which helps reduce taxable income and gives them more financial security in retirement.
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