Deductions & credits


@la6830 wrote:

Thank you for the quick response.

According to updated IRS guidelines the 65+ standard deduction for 2024 should be $1950.    $1850 was for 2023.


Age 65 or older the Standard Deduction is amount shown for the filing status PLUS $1,950.

 

Go to this IRS website where you can enter your information and it will give you the Standard Deduction and you can select the tax year - https://www.irs.gov/help/ita/how-much-is-my-standard-deduction