2024 Standard Tax Deduction Amount For Seniors

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2024 Standard Tax Deduction Amount For Seniors. The additional standard deduction for people who are 65 or older is $1,950 for single filers or heads of household, and $1,550 for married couples filing jointly. Taxpayers who are age 65 or older can claim an additional standard deduction, which is added to the regular standard deduction.


2024 Standard Tax Deduction Amount For Seniors

Each year, the irs adjusts standard deduction amounts for inflation (similar to its tax rate brackets, maximum 401k. If you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household.

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