There is not exemption from taxes on a federal tax return if you are age 65 or older. What you do receive is an increase in your Standard Deduction if age 65 or older. Standard deductions for 2022Single - $12,950 add $1,750 if age 65 or olderMarried Filing Separately - $12,950 add $1,400 if age 65 or olderMarried Filing Jointly - $25,900 add $1,400 for each spouse age 65 or olderHead of Household - $19,400 add $1,750 if age 65 or older

Question

Tax exemption for 65 & OVER

Forum|Forum|3 years ago
March 11, 2023
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DoninGA

Employee

There is not exemption from taxes on a federal tax return if you are age 65 or older. What you do receive is an increase in your Standard Deduction if age 65 or older.

Standard deductions for 2022