Standard Tax Deduction 2024 For Seniors. If you file as single or head of household, and you're either 65 or older or blind, you can claim an additional standard deduction of $1,950 for the 2024 tax year. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.
Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.
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