New Tax Regime 2024 Standard Deduction For Seniors

New Tax Regime 2024 Standard Deduction For Seniors. Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction. How senior citizens are impacted after budget 2024.

New) are some of the factors that determine an elderly citizen’s income tax. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.