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2. Standard deduction - Wikipedia

   en.wikipedia.org/wiki/Standard_deduction

   The standard deduction may be higher than the basic standard deduction if any of the following conditions are met: The taxpayer is 65 years of age or older. [22] The taxpayer's spouse is 65 years of age or older. [23]

3. Retirees 65 and Older Eligible for Extra Standard Deduction ...

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   For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older OR blind are: $1,850 for single or head of household. $1,500 for married taxpayers (per qualifying ...

4. Retirees Often Overlook These 11 Tax Deductions - AOL

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   However, some seniors may not be aware that this deduction is increased for those age 65 or older. For tax year 2023, the addition to the standard deduction for individuals 65 and older is $1,850 ...

5. Most Americans Don’t Know the Standard Tax Deduction ... - AOL

   www.aol.com/most-americans-don-t-know-140011400.html

   It's that time of the year again, and while doing taxes is not the most pleasant task, there's no way around it. One of the first questions Americans should consider is whether to take the standard...

6. Tax bracket - Wikipedia

   en.wikipedia.org/wiki/Tax_bracket

   If all itemized deductions are added up and it is less than the standard deduction, the standard deduction is taken. In 2007 this was $5,350 for those filing individually and $10,700 for married filing jointly. Personal exemption is a tax exemption in which the taxpayer may deduct an amount from their gross income for each dependent they claim ...

7. Personal exemption - Wikipedia

   en.wikipedia.org/wiki/Personal_exemption

   The income tax law in its modern form—which began in the year 1913—included a provision for a personal exemption amount of $3,000 ($71,764 in 2016 dollars), or $4,000 for married couples. ($95,686 in 2016 dollars) Over time the amount of the exemption has increased and decreased depending on political policy and the need for tax revenue.