A Single Retiree's Standard Deduction Rises to $16,600 in 2027, Before the Extra Breaks for Older Filers
247wallst.com explains the 2027 tax breaks for single retirees: the IRS set the standard deduction at $16,600, with an extra $2,100 for filers 65 and older, for a total of $18,700, plus a $6,000 senior deduction that applies through 2028 and shrinks above $75,000 of modified adjusted gross income. Together these generally let a single retiree have up to $24,700 of ordinary income tax-free, and the site recommends planning around that $75,000 line.
