New Standard Deduction For 2024 For Seniors

New Standard Deduction For 2024 For Seniors. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married. 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.


New Standard Deduction For 2024 For Seniors

Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or.

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