I2024 Tax Standard Deduction Over 65

I2024 Tax Standard Deduction Over 65.  — for example, in the tax year 2023, if you’re single and 65+, you can add an extra $1,850 to your standard deduction, bringing up the total to $15,700. Before delving into the extra standard deduction for older adults aged 65 and older, reviewing the regular standard deduction and how it works for 2023 is helpful.

 — people who are age 65 and over have a higher standard deduction than the basic standard deduction.  — bloomberg tax has released its annual projected u.s.