2024 Standard Tax Deduction For Seniors 2024

2024 Standard Tax Deduction For Seniors 2024. The personal exemption for 2024 remains at $0 (eliminating the personal exemption. 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.


2024 Standard Tax Deduction For Seniors 2024

Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction. The standard deduction for married couples filing jointly for tax year 2024 will rise to $29,200, an increase of $1,500 from tax year 2023.

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