2024 Tax Rates And Deductions For Single. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. As a result, single retirees with a combined income in excess of $25,000 could see up to 50% of their social security benefits become taxable.

Your bracket depends on your taxable income and filing status. As a result, single retirees with a combined income in excess of $25,000 could see up to 50% of their social security benefits become taxable.