2024 Tax Rates And Standard Deductions Over 65. Different portions of income you earn are taxed at specific rates called tax brackets. There are seven (7) tax rates in 2024.


2024 Tax Rates And Standard Deductions Over 65

In 2025, social security tax applies to the first $176,100 of income, up from $168,600 in 2024. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.

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