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2024 Standard Deduction Single Over 65
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2024 Standard Deduction Single Over 65. The standard deduction is a predetermined amount that reduces your taxable income, lowering the income subject to tax. The additional standard deduction for age 65 is larger in the single filing status than the additional standard deduction per person for age 65 in married filing jointly.
The additional standard deduction for age 65 is larger in the single filing status than the additional standard deduction per person for age 65 in married filing jointly. And $14,600 for all other taxpayers.
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