How Much Is The Standard Deduction For 2024 For Seniors

How Much Is The Standard Deduction For 2024 For Seniors. The standard deduction for a single person will go up from $13,850. The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed.

Publication 17 (2023), your federal income tax For 2024, the additional standard deduction amount for the aged or the blind is $1,550.