Standard Tax Deduction 2024 For Seniors. For example, in the tax year 2023, if you’re single and 65+, you can add an extra $1,850 to your standard deduction, bringing up the total to $15,700. If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550.
In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you’re 65 or older and/or blind, and whether another taxpayer. If you are 65 or older or blind, you can claim an additional standard deduction.
Standard Tax Deduction 2024 For Seniors Images References :
