How Much Is The Standard Deduction For 2024 For Seniors. The extra standard deduction for seniors in 2023 were as follows: Find the new rates and information on extra benefits for people over 65.


How Much Is The Standard Deduction For 2024 For Seniors

For 2024, that extra standard deduction is $1,950 if you are single or file as head of household. 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.

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How Much Is The Standard Deduction For 2024 For Seniors