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Why aren't seniors given the added exemption as they were at one time?

Update:

Adam...2011 tax law gives everyone a $3600 exemption. They used to offer additional exemptions of the same amount for seniors over 65 years of age, and blind individuals. So if I was over 65 and filing individually my total exemption would be $7200.

Update 2:

Thanks tro........

Update 3:

Actually Pat, I used to be in the tax business. I'm retired now and have used turbo tax for several years. Its just easier. Your smart a** answer isn't appreciated.

Update 4:

In fact Judy, I shouldn't necessarily know that. I changed careers long before the '86 changes and no longer worked in the tax prep business. I stayed abreast of changes that affected me and my family personally only. Never say woulda, shoulda, coulda, until you have all the facts.

4 Answers

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  • Judy
    Lv 7
    9 years ago
    Favorite Answer

    Because Congress changed the law. As a former tax person you should know that.

    There is a larger std deduction now for people 65 and over than for under 65. I guess Congress felt that was a better way to do.

  • 9 years ago

    Seniors and the blind used to be able to claim an extra personal exemption. That changed quite some time ago -- the Tax Reform Act of 1986 if memory serves correctly. They now get an additional standard deduction amount if they are not itemizing.

  • tro
    Lv 7
    9 years ago

    that changed oh so long ago

    however, those who are 65 and older are allowed additional amount on their standard deduction which makes less of their income taxable

  • ?
    Lv 6
    9 years ago

    Added exemption for what?

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