Taxpayers 65 and ... additional standard deduction amount for 2024 (returns usually filed in early 2025) was $1,550 ($1,950 if unmarried and not a surviving spouse). See the charts below.

In 2024, it increased again, jumping about 5.4% from 2023 levels. If you are over age 65 or blind, you're eligible for an ...

The standard deduction is a popular way for taxpayers to reduce their taxable income. Your deduction amount depends on your age, filing status and other factors. Many, or all, of the products ...

So, let’s look at income tax brackets and marginal tax rates for 2024 and 2025 ... Also, the IRS has announced the 2025 standard deduction. For more information, see The New Standard Deduction ...

In 2024, it increased again, jumping about 5.4% from 2023 levels. Additional standard deduction for seniors and blind individuals If you are over age 65 or blind, you're eligible for an additional ...