2024 Income Tax Standard Deduction Over 65

2024 Income Tax Standard Deduction Over 65. If you are 65 or older and blind, the extra standard deduction is: The standard deduction reduces a taxpayer’s taxable income,.

Here’s a look at the projected numbers for the tax year 2024, beginning jan. A deduction reduces the amount of a taxpayer’s income that’s subject to tax, generally reducing the amount of tax the individual may have to pay.