Standard Tax Deduction 2024 For Seniors. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. 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 $30,700.
For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; Taxpayers who are age 65 or older can claim an additional standard deduction, which is added to the regular standard deduction.
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