Standard Deduction For 2024 For Seniors . The basic standard deduction in 2024 and 2025 are: The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%.
Find out who is eligible and who is not eligible for the standard. Find out the amounts, eligibility criteria, and how it affects your.
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What Is The Standard Deduction For Seniors In 2024 Esma Odille , The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.