Rose Wandis

2024 Standard Deductions And Tax Brackets For Seniors. There are seven (7) tax rates in 2024. Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction.

For single taxpayers and married individuals filing separately, the standard deduction will rise to $14,600 for 2024, up $750 from this year; It’s $3,100 per qualifying individual if you are married.