Standard Tax Deduction 2024 For Seniors. The additional standard deduction amount for 2024 is $1,550 ($1,950 if. The standard deduction will rise to $14,600 for single taxpayers, a $750 increase, the agency announced thursday.


Standard Tax Deduction 2024 For Seniors

If you are 65 or older or blind, you can claim an additional standard deduction. The standard deduction is a major way most americans reduce their taxable income each year — and with inflation’s burn, the deduction’s amount will jump higher in.

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