Standard Deduction For 2024 For Seniors Over 65

Standard Deduction For 2024 For Seniors Over 65. The additional standard deduction amount increases to $1,950 for unmarried taxpayers. Find out the amounts for 2023 and 2024 tax years and the benefits for people over.


Standard Deduction For 2024 For Seniors Over 65

If you don’t itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.

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