Standard Deduction 2024 For Seniors Over 65 . You deduct an amount from your income before you calculate taxes. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.
For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: Seniors over age 65 have access to an additional $1,850 standard deduction on top of their base rate, which helps reduce taxable income and gives them more financial.
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