If your referring to the Standard deduction it has increased for 2024.
However, a single senior is $14,600 + $1,950 = $16,550
The standard deduction amounts for 2024 are:
- $29,200 – Married Filing Jointly or Qualifying Surviving Spouse
- $21,900 – Head of Household
- $14,600 – Single or Married Filing Separately
For 2024, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:
- $1,950 for Single or Head of Household
- $1,550 for married taxpayers or Qualifying Surviving Spouse
You can also see: The difference between standard and itemized deductions, and what they mean
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