2007-09-26 03:03:43 · 4 answers · asked by 860-7SHARON O 2 in Business & Finance ➔ Taxes ➔ United States
No, but you do when you turn 65. You get an additional amount added to your standard deduction, 1,300 if you are single, and 1,050 if you are married. You also get the same amounts if legally blind, no matter what your age.
2007-09-26 05:54:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
When you turn 65 you get a slightly higher deduction. But you can also possibly claim the Credit for the Elderly or the Disabled.
If you're under 65, and on permanent and total disability and receive taxable disability income, you could also receive this credit.
2007-09-26 15:22:09 · answer #2 · answered by Celeste 6 · 0⤊ 0⤋
There is an increase in the standard deduction for people 65 or older.
If you are 65 by 1/1/2008, you would receive the increase.
Other than that.....No.
2007-09-26 10:08:51 · answer #3 · answered by Wayne Z 7 · 1⤊ 0⤋
No. At 65, if you take the standard deduction, you get a slightly increased deduction.
2007-09-26 10:10:22 · answer #4 · answered by Judy 7 · 1⤊ 0⤋