2024 Fed Tax Standard Deduction For Seniors

2024 Fed Tax Standard Deduction For Seniors. If you’re a single taxpayer age 65 and older, you can add $1,850 to $13,850 standard deduction. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;

As your income goes up, the tax rate on the next. 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.