2024 Fed Tax Standard Deduction For Seniors

2024 Fed Tax Standard Deduction For Seniors. In tax year 2024, the standard deductions are as follows: The government changed the income tax laws under the new tax regime in the july 2024 budget, increasing its attractiveness compared to the old tax regime.this was done by.

If you’re 65 or older and also blind, add $3,700 to $13,850 standard. You pay tax as a percentage of your income in layers called tax brackets.