2024 Standard Deduction Amount Seniors

2024 Standard Deduction Amount Seniors. 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. If you are 65 or older or blind, you can claim an additional standard deduction.


2024 Standard Deduction Amount Seniors

The standard deduction is a major way most americans reduce their taxable income each year — and with inflation’s burn, the deduction’s amount will jump higher. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.

2024 Standard Deduction Amount Seniors Images References :