2025 Tax Brackets And Standard Deduction Over 65

2025 Tax Brackets And Standard Deduction Over 65. Taxpayers 65 and older qualify for an additional standard deduction, reducing their taxable income. There's an additional standard deduction for taxpayers 65 and older and those who are blind.

The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. In this article, we will explore this deduction in more detail.