California Standard Deduction 2024 Seniors. If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550. Beginning with an employee hired in their 2024 taxable year, a newly eligible taxpayer in one of the four newly qualifying industries must get a tcr within 30 days of completing.

We allow all filing statuses to claim the standard deduction. The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket.