What Is The Standard Deduction For 2024 Taxes For Seniors
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What Is The Standard Deduction For 2024 Taxes For Seniors. Seniors over age 65 may claim an additional standard deduction. A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay.
The additional standard deduction for the aged or the blind will be $1,550. There’s even more good news for older taxpayers.
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