Hatty Lesley

Standard Deduction For 2024 Taxes For Seniors. For the 2023 tax year, the additional standard deduction amounts are $1,850 for single filers or heads of household and $1,500 for married filers or qualifying widow(er)s. You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind.

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. People who are age 65 and over have a higher standard deduction than.