2024 Standard Deduction Amount For Seniors Over 65

2024 Standard Deduction Amount For Seniors Over 65. In the standard deduction section, shouldn’t the amount for the 2024 single, age 65 and over be $16,150 rather than $16,550? The standard deduction amount depends on your filing status, whether you are 65 or older or blind, and whether another taxpayer can claim you as a.

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 file as single or head of household, and you’re either 65 or older or blind, you can claim an additional standard deduction of $1,950 for the 2024 tax year.