Standard Tax Deduction 2024 Single Senior
Standard Tax Deduction 2024 Single Senior. For tax year 2023, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:. Mississippi ’s flat tax took effect in 2023.
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. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married.