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2025 Tax Rates And Standard Deductions Over 65
2025 Tax Rates And Standard Deductions Over 65. In the standard deduction section, shouldn’t the amount for the 2025 single, age 65 and over be $16,150 rather than $16,550? 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.
This is about half the increase. The personal exemption for 2025 remains at $0 (eliminating the personal exemption.
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