![]() In 20, the IRS increased the standard deduction for seniors who are 65 and over. This can vary based on your filing status, age, whether you are blind, or if another taxpayer can claim you as a dependent. The standard tax deduction is a set dollar amount that reduces your overall taxable income. Some of the top deductions are listed below: What is the Standard Federal Tax Deduction for Seniors Over 65? State of North Carolina – Department of Motor Vehicles (DMV) United States Internal Revenue Service (IRS) United States Department of the Treasury Federal Tax Deductions for Seniorsįor those who are 65 and older, in addition to state and local tax deductions there are federal tax deductions and exclusions that may apply to your yearly tax filing. North Carolina Department of Revenue – Contact Information.Source: North Carolina Department of Revenue, North Carolina: Sales Tax Handbook, and Tax Foundation – State and Local Sales Tax Rates, Midyear 2022 State of North Carolina and Federal Tax Resources: State of North Carolina Official Website North Carolina Department of Revenue As of December 2022, the average state and local sales tax in North Carolina is 6.9%. Depending on local municipalities, the total combined tax rate can be as high as 7.5% (effective in Durham, Orange, and Person County) and as low as 6.75%. North Carolina has a state sales tax of 4.75% and allows local governments to collect local sales tax. Source: North Carolina Department of Revenue – North Carolina Standard Deduction or North Carolina Itemized Deductions and North Carolina Department of Revenue – Individual Income Tax North Carolina State and Local Sales Tax Rate 2022 ![]()
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