2024 Standard Deduction Amount Seniors. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; The basic standard deduction in 2024 and my estimate for 2025 are:
If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550. How much is the additional standard deduction?