Standard Deduction For Seniors 2024 Tax Year

Standard Deduction For Seniors 2024 Tax Year. A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay.  — if you are 65 or older or blind, you can claim an additional standard deduction.

 — for tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: A senior can earn up.