2024 Standard Deduction Amount Seniors

2024 Standard Deduction Amount Seniors. For those filing head of household, the standard deduction will be $21,900 for tax year 2024 (up $1,100 from tax year 2023). Your standard deduction consists of the sum of the basic standard deduction and.


2024 Standard Deduction Amount Seniors

Single filers will see an increase of $750 and joint filers will receive a $1,500 bump in their standard deduction. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750.

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2024 Standard Deduction Amount Seniors