Standard Tax Deduction 2024 For Seniors 2024. For example, in the tax year 2023, if you’re single and 65+, you can add an extra $1,850 to your standard deduction, bringing up the total to $15,700. Seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction.

Irs provides tax inflation adjustments for tax year 2024. After turning 65, the irs offers you an additional amount on your standard.