Standard Deduction 2024 For Seniors

Standard Deduction 2024 For Seniors. Irs provides tax inflation adjustments for tax year 2024. It's called the extra standard deduction, exclusively for people who are 65 years and.


Standard Deduction 2024 For Seniors

The personal exemption for 2024 remains at $0 (eliminating the personal exemption. 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.

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