How Pennsylvania’s Extra Standard Deduction Helps Seniors Over 65 Save More
Understanding taxes can be confusing, especially for seniors who are living on a fixed income. In Pennsylvania, seniors aged 65 and older have access to an important tax benefit called the Extra Standard Deduction. This deduction helps reduce the amount of taxable income, which in turn can lower the state income tax seniors need to pay. Knowing how this works can make a big difference in managing finances during retirement. This guide will explain what the Pennsylvania Extra Standard Deduction is, who qualifies for it, and how seniors can claim it easily. Whether you are just planning for retirement or…