Senior Standard Deduction For 2024 Tax Year. People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and $1,550 for married filing jointly,. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.
Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction. Here are the standard deduction amounts set by the irs:
Senior Standard Deduction For 2024 Tax Year Images References :