2024 Standard Deduction Single Senior. Section 194p of the income tax act, 1961 provides conditions for exempting senior citizens from filing income tax returns aged 75 years and above. Standard deductions 2024 for seniors over 65 olive ashleigh, 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.
Use our income tax calculator to estimate how much tax you might pay on your taxable income. For 2023 the irs standard deduction for seniors is $13,850 for those filing single or married filing separately, $27,700 for qualifying widows or married filing jointly,.