2024 Tax Rates And Standard Deductions Over 65

2024 Tax Rates And Standard Deductions Over 65. Increased standard deductions, enhanced nps contributions, and revised capital gains tax. The standard medicare tax rates are calculated from your gross pay.


2024 Tax Rates And Standard Deductions Over 65

Single or married filing separately: If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550.

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