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To: Jamestown1630

I am well north of 65 and never heard of an age exemption except for state (in this case, Texas) property taxes


4 posted on 01/21/2019 5:47:31 PM PST by yetidog
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To: yetidog

See Post 5 below.


7 posted on 01/21/2019 5:49:57 PM PST by RetiredTexasVet (Start using cash and checks or the elite class and bankers will make "cashless" the norm.)
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To: yetidog
I probably used the wrong term - this is apparently an additional standard deduction. We do get an over-65 break on our state taxes, but that's clear on the state form.

I'm confused now; this is what the IRS site states, regarding taking the standard deduction instead of itemizing:

Your standard deduction consists of the sum of the basic standard deduction and any additional standard deductions for age and/or blindness. In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you're 65 or older and/or blind....

Additional Standard Deduction - You're allowed an additional deduction if you're age 65 or older at the end of the tax year.



16 posted on 01/21/2019 6:01:50 PM PST by Jamestown1630 ("A Republic, if you can keep it")
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