Kelsy Rachael

Irs Standard Deduction 2024 Senior Over 65. 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. This amount increases to $1,950 if they.

For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; This higher deduction helps to offset some of.