2024 Tax Brackets And Standard Deduction For Seniors . The standard deduction for a single person will go. Individuals 65 or older at the end of 2023 must have gross income of at least $15,700 (versus $13,850 for younger workers) to be required to file a return.
The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. For comparison, the standard deduction amounts for single taxpayers and married.
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