Standard Tax Deduction 2024 For Seniors 2024. As your income goes up, the tax rate on the next layer of. For 2024, that extra standard deduction is $1,950 if you are single or file as head of.


Standard Tax Deduction 2024 For Seniors 2024

2024 standard deduction over 65. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150.

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