Darcee Etheline

Standard Tax Deduction 2024 For Seniors Medical. Senior citizens can still claim deductions up to rs 50,000 for medical expenses even if they do not have a health insurance policy. For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately;

Seniors who may have greater medical expenses should take advantage of the premium deductions for health insurance. The 7.5% threshold used to be 10%, but legislative.