Standard Deduction For 2024 For Seniors 2024

Standard Deduction For 2024 For Seniors 2024. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. Here are six tax deductions for seniors that may help you save a little more at tax time.


Standard Deduction For 2024 For Seniors 2024

For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.  โ€” for 2024, the standard deduction is $1,550 more than the deduction available to those younger than 65.

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