2024 Fed Tax Standard Deduction For Seniors

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2024 Fed Tax Standard Deduction For Seniors. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%. If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550.


2024 Fed Tax Standard Deduction For Seniors

What is the extra standard deduction for seniors over 65 in 2024? You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind.

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