2025 Standard Deduction Single Over Age 65. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household. The irs has released its 2025 standard deduction amounts.
In this article, we’ll look into what the standard deduction entails for individuals over 65 in 2024 and 2025, how it differs from standard deductions for younger taxpayers, and. Each year, the irs adjusts standard deduction amounts for inflation (similar to its tax rate brackets, maximum 401k and maximum ira contribution levels, etc.).
2025 Standard Deduction Single Over Age 65 Images References :