Senior Standard Deduction For 2024 Tax Year. In 2024, the standard deduction is worth $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of. Tax rates report, giving you an early look at what brackets and other key tax figures will look like in 2024.
Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. The standard deduction is indexed for inflation annually.