Standard Deduction For 2024 Taxes 65 And Over

Standard Deduction For 2024 Taxes 65 And Over. That's higher than the standard deduction for younger taxpayers, which is $25,900. 2024 standard deduction over 65.

For 2023 the irs standard deduction for seniors is $13,850 for those filing single or married filing separately, $27,700 for qualifying widows or married filing jointly,. The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed.