Standard Tax Deduction 2024 For Seniors 2024

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Standard Tax Deduction 2024 For Seniors 2024. The top rate of 37% applies to. Federal income tax rates and brackets.


Standard Tax Deduction 2024 For Seniors 2024

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 $30,700. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.

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