Question about US taxes (from a senior's perspective

[Todd's keyboard]

Do I understand correctly that the deductible amount in the US tax code is greater for seniors? Is a standard deduction $29,200 for a married-filing-separately senior, and only $13,850 for the same status but a non-senior?

I've been assuming that I have to pay taxes on withdrawals from an IRA. This higher deduction allowed for seniors will change my withdrawal strategy.

thank$, Todd'$ tax freeboard?