Standard Tax Deduction 2024 For Seniors Over 65. This higher deduction helps to offset some of the increased. The additional standard deduction for taxpayers over 65 is a beneficial provision that allows seniors to reduce their taxable income further than the standard deduction available to.
The alternative minimum tax rate is 28% for alternative minimum taxable income up to a maximum of $239,100 (for 2024) for returns of married couples and single individuals. Taxpayers who are age 65 or older can claim an additional standard deduction, which is added to the regular.