2024 Standard Deduction Over 65 Tax Brackets. 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Once the specified bank, as mentioned above, deducts tax for senior citizens above 75 years of age, there will be no requirement to furnish income tax returns by senior.
You pay tax as a percentage of your income in layers called tax brackets. See current federal tax brackets and rates based on your income and filing status.