Tax Year 2024 Standard Deduction For Seniors.  — the standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed.  — here are the standard deduction amounts for the 2023 tax returns that will be filed in 2024.

For the 2024 tax year (for.  — bloomberg tax has released its annual projected u.s.