Standard Deduction For 2024-25 202425 Over 65

Standard Deduction For 2024-25 202425 Over 65. If you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household. No need to invest in life insurance, health insurance, ppf, home loans, etc., to save taxes.

This guide details the income. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;