Irs Standard Deduction 2025 Over 65 Single. If you don't itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year. In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you're 65 or older and/or blind, and whether another taxpayer can claim.
Increase from $14,600 (2024) to $15,000 in 2025. The additional standard deduction for those over 65 is a valuable tax benefit that can help reduce taxable income and offset the cost of medical expenses.
Irs Standard Deduction 2025 Over 65 Single Images References :