2024 Standard Deduction Amount. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. The 2024 standard deduction is $14,600 for single filers and those married filing separately, $21,900 for heads of household and $29,200 for joint filers and surviving spouses.
Learn how it affects your taxable income and any limits on claiming it. You donโt pay federal income tax on every dollar of your income.
2024 Standard Deduction Amount Images References :
