2024 Standard Tax Deduction For Seniors Over 60

2024 Standard Tax Deduction For Seniors Over 60. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is. The standard deduction is an amount that seniors can claim on their taxes.

As a result of tax reform, the percentage limit for charitable cash donations to public charities increased from 50% to 60% in 2018 and will remain at 60% for 2024. If you or your spouse were age 65 or older or blind at the end of the year, be sure to claim an additional standard deduction by checking the appropriate boxes for age or blindness.