2024 Standard Tax Deduction For Seniors Income

2024 Standard Tax Deduction For Seniors Income. For 2024, the limit is $1,300 or your earned income, plus $450, whichever is greater. Think of it as the tax.

For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single. People 65 or older may be.