Standard Deduction For 2024 For Seniors Uk. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; How much income tax should i be paying?

You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. 20% tax on earnings between £12,571 and.