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Level 1
January 26, 2025
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Are there any tax breaks for senior citizens who turned 65 in 2024, csuch as the Senior Circuit breaker tax credit?

  • January 26, 2025
  • 1 reply
  • 13 views
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    Best answer by DoninGA

    The Standard Deduction on your federal tax return when you are age 65 or older.

     

    Standard deductions for 2024

    Single - $14,600 add $1,850 if age 65 or older
    Married Filing Separately - $14,600 add $1,550 if age 65 or older
    Married Filing Jointly - $29,200 add $1,550 for each spouse age 65 or older
    Head of Household - $21,900 add $1,950 if age 65 or older

    1 reply

    DoninGA
    Level 15
    DoninGALevel 15Answer
    Level 15
    January 26, 2025

    The Standard Deduction on your federal tax return when you are age 65 or older.

     

    Standard deductions for 2024

    Single - $14,600 add $1,850 if age 65 or older
    Married Filing Separately - $14,600 add $1,550 if age 65 or older
    Married Filing Jointly - $29,200 add $1,550 for each spouse age 65 or older
    Head of Household - $21,900 add $1,950 if age 65 or older