Kitty Michele

Standard Deduction 2024 Age 68. For returns due in april 2024, the standard deduction amounts are: Compute the 2023 standard deduction for the following taxpayers.

For taxable years beginning in 2025, the amount used in § 24 (d) (1) (a) to determine the amount of credit under § 24 that may be refundable is $1,700. For 2023 the irs standard deduction for seniors is $13,850 for those filing single or married filing separately, $27,700 for qualifying widows or married filing jointly, and $20,800.