My return is based upon 2 exemptions at $4050 each, for my spouse and me. My spouse was born before January 2, 1952. How is the extra exemption factored into our return?

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The exemption doesn't change for someone 65 or over. The standard deduction increases $1250.

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The exemption doesn't change for someone 65 or over. The standard deduction increases $1250.

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