Senior Standard Deduction For 2024 Tax Year

Senior Standard Deduction For 2024 Tax Year. The primary difference lies in the basic exemption ceiling, which. For 2023, the standard deduction amount has been increased for all filers.

The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving spouse). The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an.