- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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
‎January 5, 2025
11:56 AM