Irs Standard Deduction 2024 Over 65

Irs Standard Deduction 2024 Over 65.  — if you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household. As your income goes up, the tax rate on the next layer of income is higher.

When your income jumps to a higher tax bracket, you don’t pay the higher rate on your entire income. Everyone knows about the standard deduction, which is a flat dollar.