2024 Standard Deduction For Seniors. Trump’s 2017 tax law helped clean up the tax code, narrowing deductions for state and local taxes, as well as mortgage interest, while vastly expanding the standard deduction. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.
That’s a $750 increase over 2023. Trump’s 2017 tax law helped clean up the tax code, narrowing deductions for state and local taxes, as well as mortgage interest, while vastly expanding the standard deduction.
