What Is The Standard Deduction For 2024 Taxes For Seniors

What Is The Standard Deduction For 2024 Taxes For Seniors. Taxpayers who are age 65 or older can claim an additional standard deduction, which is added to. How much is the additional standard deduction?


What Is The Standard Deduction For 2024 Taxes For Seniors

The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed.

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