What Is Standard Tax Deduction For 2024 For Seniors. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. It’s the simplest way to reduce your taxable income on your tax return.


What Is Standard Tax Deduction For 2024 For Seniors

The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. There’s even more good news for older taxpayers.

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