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i’m retired from honda, why can’t i qualify for a retirement benefit

i am retired from honda , why i don’t qualify for this benefit?
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i’m retired from honda, why can’t i qualify for a retirement benefit

What retirement benefit are you referring to?   There is no federal "retirement benefit."   If you are 65 or older, you get a higher standard deduction which makes a bit more of your income tax free.

 

 

The standard deduction makes some of your income “tax free.”  It is not a refund.  You will see your standard or itemized deduction amount on line 12 of your 2024 Form 1040.

 

 

2024 STANDARD DEDUCTION AMOUNTS

SINGLE $14,600    (65 or older/legally blind + $1950)

MARRIED FILING SEPARATELY            $14,600    (65 or older/legally blind + $1550)

MARRIED FILING JOINTLY $29,200    (65 or older/legally blind + $1550)

HEAD OF HOUSEHOLD $21,900    (65 or older/legally blind + $1950)

 

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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