If You Turned 65 Last Year, Consider the Standard Deduction on Your Taxes

By Kyle James

If you turned 65 last year, you have a tax break coming your way. The standard deduction for people 65 and over has gone up from $6,300 to $7,850 for single filers. If you normally itemize your deductions, it may be time to reconsider.

Source:: Lifehacker