2024 Tax Rates And Standard Deduction For Senior Citizens

2024 Tax Rates And Standard Deduction For Senior Citizens. Section 194p of the income tax act, 1961 provides conditions for. Single taxpayers can deduct $14,600 from their gross income, up from $13,850 the.


2024 Tax Rates And Standard Deduction For Senior Citizens

For individual taxpayers (single or married filing separately), the standard deduction increases from $12,950 to $13,850. There’s even more good news for older taxpayers.

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