Standard Tax Deduction 2024 For Seniors Uk. The basic rate (20%), the higher rate (40%),. 2024 standard deduction over 65.

With the new financial year set to begin on april 6th, 2023, several tax rates are set to change. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to.