Standard Tax Deduction 2024 Over 65. An individual resident who is 60 years or above in age but less than 80 years at any time during the previous year is considered as senior citizen for income tax purposes. People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and.
Alternative minimum tax exemption increased. An individual resident who is 60 years or above in age but less than 80 years at any time during the previous year is considered as senior citizen for income tax purposes.