Standard Deduction 2024 Irs 1040

Standard Deduction 2024 Irs 1040. People who are age 65 and over have a higher standard deduction than the basic standard. Your standard deduction depends on your filing status, age and whether a taxpayer is blind.

Now, if you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.