Standard Deduction Seniors 2024 . As of 2024, taxpayers aged 65 and older are eligible for a higher standard deduction, which can significantly reduce taxable income. 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.
Senior citizens have higher deduction limits and exemption benefits than younger taxpayers. How much it is, when to take it.
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