Standard Deduction For 2024 Over 65 Single

Standard Deduction For 2024 Over 65 Single. 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 2024, that extra standard deduction is $1,950 if you are single or file as head of household. Seniors over age 65 have access to an additional $1,850 standard deduction on top of their base rate, which helps reduce taxable income and gives them.