2024 Standard Deduction Over 65 Vs Itemized. When it comes to reducing your taxable income, you have the option of taking either the standard deduction or. The basic standard deduction in 2024 and my estimate for 2025 are:
Itemized deductions are a list of expenses you could claim on your tax return to reduce your taxable income. Taxpayers who are age 65 or older on the last day of the year and don’t itemize deductions are entitled to a higher standard deduction.
2024 Standard Deduction Over 65 Vs Itemized Images References :
