Raleigh, NC – North Carolina offers a valuable extra standard deduction for seniors over 65, providing tax relief for older residents and helping to reduce their state income tax burden. This extra deduction is designed to benefit seniors who meet specific criteria, and understanding how to claim it can result in substantial savings.
What Is the North Carolina Extra Standard Deduction for Seniors?
The North Carolina Department of Revenue allows seniors over the age of 65 to claim an extra standard deduction on their state income tax return. This means that seniors can subtract a higher amount from their taxable income, which lowers the amount of income subject to state tax, ultimately reducing their tax liability.
For the 2025 tax year, this extra deduction can significantly benefit seniors, particularly those on fixed or retirement incomes.
Eligibility for the Extra Deduction
To qualify for the extra deduction, taxpayers must meet the following criteria:
- Be 65 years old or older by December 31 of the tax year.
- File a North Carolina resident income tax return.
- Income must be within certain limits, as high-income earners may receive a reduced deduction.
This benefit can be combined with other deductions available to North Carolina residents, such as deductions for medical expenses and retirement income.
How to Claim the Extra Deduction
The North Carolina Department of Revenue makes it easy for seniors to claim this deduction by allowing them to simply enter their age and income details on their income tax form. The extra deduction is applied automatically, so seniors do not need to fill out additional forms or submit extra documentation.
Many tax preparation services and software programs automatically include the extra standard deduction for seniors, making it easier to claim without errors.
Benefits of the Deduction
Claiming this extra standard deduction can help seniors keep more of their income, which is especially important for those living on fixed incomes. Reducing the amount of taxable income can result in a lower state tax bill or a larger tax refund, providing seniors with much-needed financial relief.
Have you claimed the North Carolina extra standard deduction for seniors? Share your experiences in the comments below, and help other seniors understand how to maximize their tax benefits.
