2024 Tax Rates And Standard Deduction For Seniors

2024 Tax Rates And Standard Deduction For Seniors. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household. What is the extra standard deduction for seniors over 65 in 2024?


2024 Tax Rates And Standard Deduction For Seniors

Per the irs, the standard deduction amount for tax year 2023 (filed in 2024) is $13,850 for single filers, $27,700 for married couples and $20,800 for heads of. If youโ€™re a single taxpayer age 65 and older, you can add $1,850 to $13,850 standard deduction.

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