2024 Standard Deduction For Seniors Irs

2024 Standard Deduction For Seniors Irs. For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately; Taxpayers who are 65 and older, or are blind, are eligible for an additional.

The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket. Learn about new brackets, deductions, and savings breaks.