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Level 1
posted Jan 26, 2025 1:29:06 PM

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

0 1 2024
1 Best answer
Level 15
Jan 26, 2025 1:31:53 PM

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 Replies
Level 15
Jan 26, 2025 1:31:53 PM

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