Standard Deduction For Seniors 2024 Tax Year

Standard Deduction For Seniors 2024 Tax Year. 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. Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction.


Standard Deduction For Seniors 2024 Tax Year

Taxpayers who are 65 and older, or are blind, are eligible for an additional standard deduction. For example, in the tax year 2023, if youโ€™re single and 65+, you can add an extra $1,850 to your standard deduction, bringing up the total to $15,700.

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