2024 Standard Deduction For Seniors Over 65

2024 Standard Deduction For Seniors Over 65. Section 194p is applicable from 1st april 2021. You're considered to be 65 on the day before your 65th birthday (for tax year 2023, you're considered to be 65 if you were born before january 2, 1959).

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. Taxpayers who are age 65 or older can claim an additional standard deduction, which is.