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.
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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Senior Standard Deduction For 2024 Tax Year Rahel Elizabeth , The standard deduction will rise to $14,600 for single taxpayers, a $750 increase, the agency announced thursday.
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