Dinah Pepita

What Is The Standard Deduction For 2024 Over 65. Seniors over age 65 have access to an additional $1,850 standard deduction on top of their base rate, which helps reduce taxable income and gives them. $3,000 per qualifying individual if you are.

Taxpayers 65 and older and those who are blind can claim an additional standard deduction. If you don’t itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year.