2024 Tax Rates And Standard Deduction For Seniors

2024 Tax Rates And Standard Deduction For Seniors. You pay tax as a percentage of your income in layers called tax brackets. You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind.

It’s $3,100 per qualifying individual if you are married,. For the 2023 tax year, the additional standard deduction amounts.