What tax exemptions are available for seniors?
Seniors may qualify for various tax exemptions, including the standard deduction, property tax exemptions, and certain credits.
Can you explain the standard deduction for seniors?
For the tax year 2023, seniors aged 65 and older can claim a higher standard deduction, which is $1,850 more than the regular deduction.
Are there any specific state tax exemptions for seniors?
Yes, many states offer additional tax exemptions or credits for seniors, such as property tax relief or income tax credits.
How do I apply for these exemptions?
You can apply for tax exemptions by filling out the appropriate forms when you file your tax return or by contacting your local tax office.
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