2024 Standard Deduction For Seniors . Find the new rates and information on extra benefits for people over 65. Find the current tax rates for other filing statuses.
Here’s how that works for a single person with taxable income of $58,000 per year: Here is the standard deduction by filing status for 2025, for returns filed in 2026.
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What Is The Standard Deduction For 2024 For Seniors? TaxSaving Tips , People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and $1,550 for married filing jointly, married filing.
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