2024 Standard Deduction Married Jointly For Senior Citizens

2024 Standard Deduction Married Jointly For Senior Citizens. The annual standard deduction is a static amount determined by congress. If you are 65 or older and blind, the extra standard deduction is:


2024 Standard Deduction Married Jointly For Senior Citizens

As of 2024, taxpayers aged 65 and older are eligible for a higher standard deduction, which can significantly reduce taxable income. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).

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