Mamie Lianne

2024 Fed Tax Standard Deduction For Seniors.  — the standard deduction is a major way most americans reduce their taxable income each year — and with inflation’s burn, the deduction’s amount will jump higher in 2024.  — bloomberg tax has released its annual projected u.s.

 — bloomberg tax has released its annual projected u.s.  — if you’re a single taxpayer age 65 and older, you can add $1,850 to $13,850 standard deduction.