Standard Deduction 2025 Seniors Over 65 Calculator. Some sections of the income tax act of 1961 that support the subject matter include section 80 d where taxpayers claim deductions on premiums paid on health insurance policies.the indian. People who are age 65 and over have a higher standard deduction than the basic standard.
To qualify for the increased standard deduction, seniors must meet specific criteria. The extra deduction amount differs based on filing status and whether the taxpayer or.