Tax Year 2025 Standard Deduction For Seniors

Tax Year 2025 Standard Deduction For Seniors. The extra deduction amount differs based on filing status and whether the taxpayer or spouse. The standard deduction for seniors is rs.50,000, as per the most current revisions to the income tax act.


Tax Year 2025 Standard Deduction For Seniors

> raising the standard deduction for salaried individuals and pensioners from rs 50,000 to rs 75,000. The irs noted that for the head of.

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