Dayle Erminie

2024 Standard Deduction For Seniors Over 65. The standard deduction is a predetermined amount that reduces your taxable income, lowering the income subject to tax. The additional standard deduction for the aged or the blind will be $1,550.

Taxpayers get a higher standard deduction when they turn 65 or are blind. The additional standard deduction for the aged or the blind will be $1,550.