2024 Standard Deduction For Seniors Life. What are the standard deduction amounts for seniors for the current tax year? Here are six tax deductions for seniors that may help you save a little more at tax time.
The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550.
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