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2024 Tax Brackets And Standard Deductions Over 65. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. Capital gains rates will not change in 2024, but the brackets for the rates will change.
You pay tax as a percentage of your income in layers called tax brackets. For comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024.
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Category: 2024