2025 Standard Deduction For Seniors Over 65 Single. People who are age 65 and over have a higher standard deduction than the basic standard deduction. Elevating the standard deduction to rs 200,000 for senior.
For example, a single filer over 65 in 2024 would see their deduction increase from $14,600 to $16,550. Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior citizens.
