Standard Deduction For Seniors 2024 Tax Year. The standard deduction for seniors is rs.50,000, as per the most current revisions to the income tax act. 2024 standard deduction over 65.


Standard Deduction For Seniors 2024 Tax Year

$1,850 for single or head of household. 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.

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