2024 Income Tax Standard Deduction Over 65

2024 Income Tax Standard Deduction Over 65. The standard deduction for taxpayers over the age of 65 is higher than for younger taxpayers, acknowledging the unique financial challenges faced by this age group. And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the.


2024 Income Tax Standard Deduction Over 65

For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; If you are 65 or older and blind, the extra standard deduction is:

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