How Much Is The Standard Deduction For 2024 For Seniors

How Much Is The Standard Deduction For 2024 For Seniors. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for.

For taxpayers who are married and filing jointly, the standard. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;