Standard Deduction Mfj Both Over 65 2024. The personal exemption for 2024 remains at $0 (eliminating the personal exemption was part of the tax cuts. For 2023, the standard deduction for mfj with both spouses over 65 is $30,700.


Standard Deduction Mfj Both Over 65 2024

Single or head of household filers receive an increase. The standard deduction for taxpayers over the age of 65 is higher than for younger taxpayers, acknowledging the unique financial challenges faced by this age group.

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