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For the 2024 tax year, seniors filing as single or head of household receive an extra $1,950 The extra standard deduction available for this age group is a valuable benefit that reduces taxable income.
New Standard Deductions 2025 Cora Hitaker If you or your spouse/common-law partner are self-employed, the deadline to file is generally June 15, 2025. Married couples filing jointly where one or both spouses are over 65 gain an additional $1,550 per qualifying spouse tax system recognizes that seniors over 65 may have unique financial situations
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