2024 Tax Rates And Standard Deduction Over 65

2024 Tax Rates And Standard Deduction Over 65. When you turn 65, the irs offers you a tax benefit in the form of an extra standard deduction for people age 65 and older. Irs provides tax inflation adjustments for tax year 2024.

Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. When you turn 65, the irs offers you a tax benefit in the form of an extra standard deduction for people age 65 and older.