Standard Deduction For Seniors 2024 Tax Year

Standard Deduction For Seniors 2024 Tax Year. $1,850 for single or head of household. 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.


Standard Deduction For Seniors 2024 Tax Year

For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed.

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