5. Standard Deduction for Seniors: Seniors aged 65 or older are eligible for a higher standard deduction when filing their taxes. For the 2021 tax year, the standard deduction for single filers in this age group is $14,250. 6. Medical Expenses: Seniors with significant medical expenses may ...
SingleFiling Status: All Other Less than 200% FPL$300$600 At least 200% FPL but less than 300%$750$1,500 At least 300% FPL but less than 400%$1,250$2,500 If your year end income exceeds 400% FPL, you will have to return the total amountof Advanced Premium Tax Credits you recei...