2025 Standard Deduction Over 65 Tax Brackets

2025 Standard Deduction Over 65 Tax Brackets. The upcoming budget may focus on the new income tax regime yet again to increase its appeal compared to the old tax regime. Retirees may also qualify for specific tax credits such as.

There’s an additional standard deduction for taxpayers 65 and older and those who are blind. The standard deduction (used instead of itemized deductions) will increase by $400 for single filers and $800 for joint filers.