What Is The Standard Deduction For 2024 For Seniors. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns. Single filers 65 and older can increase their standard deduction by $1,600 per person;

For 2024, that extra standard deduction is $1,950 if you are single or file as head of household. Taxpayers who are age 65 or older can claim an additional standard deduction, which is added to the regular.