Holli Latrina

2024 Standard Tax Deduction Amount For Seniors. The standard deduction amount depends on your filing status, whether you are 65 or older or blind, and whether another taxpayer can claim you as a. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.

The additional standard deduction for the aged or the blind will be $1,550. The standard deduction for seniors is rs.50,000, as per the most current revisions to the income tax act.