What Is Standard Tax Deduction For 2024 Over 65 . The standard deduction for a single person will go. Most taxpayers now qualify for the standard deduction, but there are some important details involving itemized deductions that people should keep in mind.
For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are: The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.
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