2024 Tax Tables And Standard Deductions Over 65
2024 Tax Tables And Standard Deductions Over 65 . You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. You pay tax as a percentage of your income in layers called tax brackets.
For taxable years beginning in 2024, the tax rate tables under ยง 1 are as follows: If you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household.
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