2024 Standard Deduction Over 65 Vs Itemized . If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150. You deduct an amount from your income before you calculate.
The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a. โ 2024 standard deduction over 65.
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Standard Deduction 2024 Age 65 Dulce Glenine , โ for ty 2024 (returns due in april 2025), the standard deduction amounts are: