2025 Tax Deductions For Seniors

2025 Tax Deductions For Seniors. There is no limitation on itemized deductions for tax year 2025,. The bank is a ‘specified bank’ as notified by the central government.


2025 Tax Deductions For Seniors

The senior citizen will submit a declaration to the specified bank. Taxpayers 65 and older qualify for an additional standard deduction, reducing their taxable income.

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