2025 Income Tax Standard Deduction Over 65. A larger overall deduction for older adults further reduces their taxable income, and that means a smaller tax bill and more money in your pocket. Here’s how it works and what it is in 2025 and 2025.
In this article, we’ll look into what the standard deduction entails for individuals over 65 in 2025 and 2025, how it differs from standard deductions for younger taxpayers, and. The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed.