Standard Deduction For 2024 For Seniors

Standard Deduction For 2024 For Seniors. Federal tax brackets range from 10%. If you don't itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year.

If you are 65 or older and blind, the extra standard deduction is: For example, in the tax year 2023, if you’re single and 65+, you can add an extra $1,850 to your standard deduction, bringing up the total to $15,700.