Standard Deduction 2024 Age 65. If you don't itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or.
The additional standard deduction for age 65 is larger in the single filing status than the additional standard deduction per person for age 65 in married filing. Your standard deduction depends on your filing status, age and whether a taxpayer is blind.
Standard Deduction 2024 Age 65 Images References :