Irs Standard Deduction 2024 For Seniors

Irs Standard Deduction 2024 For Seniors. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.


Irs Standard Deduction 2024 For Seniors

The standard deduction amounts for 2024 are $14,600 for single filers, $29,200 for joint filers, and $21,900 for heads of household. 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.

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