2024 Standard Deduction Amount Seniors. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving. 2024 standard deduction over 65.
The budget proposes raising the standard deduction for salaried employees from ₹50,000 to ₹75,000 and increasing the family pension deduction for pensioners from ₹15,000 to ₹25,000. Taxpayers who are age 65 or older can claim an additional standard deduction, which is added to the regular standard deduction.