Standard Tax Deduction 2024 For Seniors. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving. Taxpayers who are age 65 or older can claim an additional standard deduction, which is added to the regular standard deduction.
Standard deduction and personal exemption. Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior citizens.