2024 Tax Brackets For Seniors Over 65 Single

2024 Tax Brackets For Seniors Over 65 Single. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers. The irs on thursday announced higher federal income tax brackets and standard deductions for 2024.


2024 Tax Brackets For Seniors Over 65 Single

The tax brackets are based on taxable income, which is agi minus various deductions. As your income goes up, the tax rate on the next layer of income is higher.

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