2024 Irs Standard Deduction For Seniors Over 65. $1,500 for married taxpayers (per qualifying person) or qualifying surviving spouse (a married couple of two 65+ adults would take a total deduction of $27,700. 4)under the new tax regime, the tax rates are significantly lower, though the benefit of various exemptions and deductions (other than the standard deduction of rs.
Here are 10 tax breaks for people over 50: However, if you’re trying to decide whether to itemize or take the standard deduction, the irs says, “you should itemize deductions if:
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