Standard Tax Deduction 2024 Over 65

Standard Tax Deduction 2024 Over 65. A larger overall deduction for older adults further. But there’s an extra one − on top of the standard deduction − available to people 65 years and older at the end of the tax year.

A larger overall deduction for older adults further. Section 194p of the income tax act, 1961 provides conditions for exempting senior citizens from filing income tax returns aged 75 years and above.