Standard Deduction 2024 For Seniors Blind. However, if you are 65 or older on the last day of the year and don’t itemize deductions — or are blind — you can claim an additional standard deduction. For tax year 2023, the additional standard deduction for those who are either blind or 65 or older is $1,850 for single taxpayers or those who file as head of household.
Taxpayers get a higher standard deduction when they turn 65 or are blind. $3,700 if you are single or filing as head of household $3,000 per qualifying individual if you are married, filing jointly or.
The Standard Deduction For Those Over Age 65 In Tax Year 2023 (Filing In 2024) Is $15,700 For Singles, $29,200 For Married Filing Jointly If Only One Partner Is Over 65 (Or $30,700 If Both Are).
Standard deduction for age 65 and over.
If Your Filing Status Is Head Of Household Your Standard Deduction Is $20,800 For Tax Year 2023 (And $21,900 For Tax Year 2024).
Here are the figures for.
Standard Deduction 2024 For Seniors Blind Images References :
The Standard Tax Deduction Is A Set Amount That Taxpayers Are Automatically Allowed To Deduct From Their Taxable Income, Thus Lowering Their Total Tax Owed.
The additional standard deduction for blind people increases a bit for the 2024 tax year.
The Standard Deduction Amount Depends On Your Filing Status, Whether You Are 65 Or Older Or Blind, And Whether Another Taxpayer Can Claim You As A Dependent.
The additional standard deduction amount will increase to $1,950 if the individual is unmarried and not a surviving.