2024 Tax Brackets For Seniors Over 65. (the extra standard deduction amount is $1,850 for 2024). The core of the proposed tax overhaul includes eliminating louisiana’s three graduated income tax brackets that currently max out with a 4.25% rate and replacing them.

Depending on your tax rate and filing status, you’ll owe different amounts on different parts of your income depending on your taxable income. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.