Tax Year 2024 Standard Deduction For Seniors

Tax Year 2024 Standard Deduction For Seniors. Learn about the applicable tax brackets, exemptions, and deductions to effectively plan your taxes and maximize savings. 2024 standard deduction over 65.


Tax Year 2024 Standard Deduction For Seniors

Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700 if both are).

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