Friday 27 March 2015

If You Turned 65 Last Year, Consider the Standard Deduction on Your Taxes


If you turned 65 last year, you have a tax break coming your way. The standard deduction for people 65 and over has gone up from $6,300 to $7,850 for single filers. If you normally itemize your deductions, it may be time to reconsider.


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