Is there a tax exemption for over 65?
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Studied at the University of Barcelona, Lives in Barcelona, Spain.
Answer. In the past, there was an extra exemption when you reached age 65. Now, if you are age 65 or older on the last day of the year and do not itemize deductions, you are en-titled to a higher standard deduction. ... If you are married, you get an additional $1,200 standard deduction.
2023-06-14 05:19:31
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Mia Walker
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Answer. In the past, there was an extra exemption when you reached age 65. Now, if you are age 65 or older on the last day of the year and do not itemize deductions, you are en-titled to a higher standard deduction. ... If you are married, you get an additional $1,200 standard deduction.