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Standard Deduction For 2024 Tax Year For Seniors. Donald trump has pledged to end taxes on everything from tips to social security and overtime pay if he’s elected to the. The standard deduction amounts increase for the 2024 tax year — which you will file in 2025.
If you or your spouse were age 65 or older or blind at the end of the year, be sure to claim an additional standard deduction by checking the appropriate boxes for age or blindness. The form generally mirrors form 1040.
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