2024 Standard Deduction Over 65 . People 65 or older may be eligible for a higher. The personal exemption for 2024 remains at $0 (eliminating the personal exemption was part of the tax cuts and jobs act of 2017 (tcja).
People who are age 65 and over have a higher standard deduction than the basic standard deduction. Married couples can boost their standard deduction by $1,950 if one of them is over 65 and by.
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