What Is The Standard Deduction For 2024 For Seniors. Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction. In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you're 65 or older and/or blind, and whether another.

Most taxpayers now qualify for the standard deduction, but there are some important details involving itemized deductions that people should keep in mind. Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction.