2024 Standard Tax Deduction For Seniors Income. Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction. The standard deduction is a common tax provision that allows seniors over 65 years old to reduce the amount of taxable income they owe.
For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for. If you are 65 or older or blind, you can claim an additional standard deduction.
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