2024 Tax Brackets And Standard Deductions Over 65

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2024 Tax Brackets And Standard Deductions Over 65. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. Capital gains rates will not change in 2024, but the brackets for the rates will change.


2024 Tax Brackets And Standard Deductions Over 65

You pay tax as a percentage of your income in layers called tax brackets. For comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024.

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