Standard Deductions 2024 For Seniors. You deduct an amount from your income before you calculate. If you don't itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year.

If you don’t itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year. You can also itemize individual tax deductions, for things like charitable donations, but they need to add up to more than.