2024 Tax Brackets And Standard Deduction Over 65

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2024 Tax Brackets And Standard Deduction Over 65. 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. For 2024, the standard deduction is $1,550 more than the deduction available to those younger than 65.


2024 Tax Brackets And Standard Deduction Over 65

Higher standard deduction for age (65 or older). Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.

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