Senior Standard Deduction For 2024 Tax Year

Senior Standard Deduction For 2024 Tax Year. For the 2024 tax year (for. You can't take the standard deduction if you itemize your deductions.

If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;