Irs 2024 Standard Deduction For Seniors. 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. You're considered to be 65 on the day before your 65th birthday (for.

Depending on your tax rate and filing status, you’ll owe. Understanding the extra standard deduction for seniors and blind individuals is crucial for tax planning and maximizing tax savings.