What is the Standard Deduction for Seniors Over 65 in 2024 & 2025?
nationaltaxreports.com
What is the Standard Deduction for Seniors Over 65 in 2024 & 2025?
For seniors over 65, an extra standard deduction is available. This amount increases the base standard deduction, offering significant savings. This additional deduction acknowledges the common income and health challenges that seniors face as they age.
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Full Retirement Age for people turning 65 in 2023 is 66 and 8 months. There are social security rules prior to the month you hit full retirement age. You will get that money withheld back, over time. After you hit full retirement age month, make as much as you want! #socialsecurity #socialsecuritybenefits #retirement #retirementplanning #workingwoman #turning65withscott
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