Income Tax Standard Deduction 2024 For Seniors. For the 2024 tax year (for.  — see current federal tax brackets and rates based on your income and filing status.

 — along with higher standard deduction amounts, the irs has adjusted the income tax brackets from the 2022 tax year.  — seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction.