2024 Tax Rates And Standard Deductions Over 65

2024 Tax Rates And Standard Deductions Over 65. In the standard deduction section, shouldn’t the amount for the 2024 single, age 65 and over be $16,150 rather than $16,550? If you don't itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year.


2024 Tax Rates And Standard Deductions Over 65

This is about half the increase. The personal exemption for 2024 remains at $0 (eliminating the personal exemption.

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