Standard Tax Deduction 2024 For Seniors 2024. The personal exemption for 2024 remains at $0.  — the irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.

 — seniors struggling to make ends meet may save some money when they do their 2023 taxes by claiming the extra tax deduction. The personal exemption for 2024 remains at $0.