Extra Standard Deduction For Seniors 2025. Find the new rates and information on extra benefits for people over 65. That’s on top of the $23,500 maximum in 2025 for savers younger than 50, bringing the total allowable contribution for workers 60 to 63 to $34,750 this year.

Starting with the 2023 tax year, colorado requires an. If you’re a single filer or head of household age 65 and over, you get an extra boost to your standard deduction.