Standard Deduction 2024 For Seniors Over 70. The 2024 standard deduction for head of household is $21,900. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an.
The 2024 tax year brings specific considerations for seniors, including an additional standard deduction that is designed to provide financial relief and acknowledge the. Learn how it affects your taxable income and any limits on claiming it.