Irs Standard Deduction Tax Year 2024 Over 65

Irs Standard Deduction Tax Year 2024 Over 65. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.


Irs Standard Deduction Tax Year 2024 Over 65

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. 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.

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