What Is Standard Tax Deduction For 2024 For Seniors. Single filers 65 and older can increase their standard deduction by $1,600 per person; The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed.

The standard deduction for seniors over 65 is a tax benefit that can significantly reduce their taxable income. If you are both 65.