Standard Deduction For Seniors 2024 Tax Year

Standard Deduction For Seniors 2024 Tax Year. Taxpayers who are age 65 or older can claim an additional standard deduction, which is added to. A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay.

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. For married couples who file jointly, it will.