Standard Deduction For 2024 For Seniors. 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. 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.
$1,850 for single or head of household. For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:
Standard Deduction For 2024 For Seniors Images References :
