2024 Standard Deduction Single Senior

2024 Standard Deduction Single Senior. People who are 65 or older can take an additional standard deduction of $1,950 for single and head. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).

The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed. However, under the new tax regime, the basic exemption limit for both senior and super citizens is rs.