Irs Standard Deduction Seniors Over 65 2024. The personal exemption for 2024 remains at $0 (eliminating the personal exemption was part of the tax cuts. Seniors over 65 are eligible for an additional standard deduction, allowing them to save even more money when filing their taxes.
$3,700 if you are single or filing as head of household $3,000 per qualifying individual if you are married, filing. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.
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