2024 Standard Deduction Over 65 Chart

2024 Standard Deduction Over 65 Chart. Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior. For 2023, she’ll get the regular standard deduction of $13,850, plus one additional standard deduction of $1,850 for being a single filer over age 65.

You don’t pay federal income tax on every dollar of your income. The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed.