2024 Standard Tax Deduction For Seniors Income. As your income goes up, the tax rate on the next layer of income is higher. The amt exemption rate is also subject to inflation.


2024 Standard Tax Deduction For Seniors Income

The irs considers an individual to be 65 on the day before their 65th birthday. The tax year 2024 adjustments described below generally apply to income tax returns filed in 2025.

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