Investors & landlords

Age doesn't affect it.  What are you asking about?  Can you elaborate?  You are over 59 1/2 so there is no 10% Early Withdrawal Penalty on retirement distributions.  Your tax liability is based on your total income.  Are you asking about the Standard Deduction?  You do get an increase for 65 and older.

 

For 2023 the standard deduction amounts are:
Single 13,850 + 1,850 or 65 and over or blind
HOH 20,800 + 1,850 for 65 and over or blind
Joint 27,700+ 1,500 for each 65 and over or blind
Married filing Separate 13,850 + 1,500 for 65 and over or blind