Standard Deduction For 2024 Married Jointly Above 65 Years

Standard Deduction For 2024 Married Jointly Above 65 Years. 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 additional standard deduction for people who are 65 or older is $1,950 for single filers or heads of household, and $1,550 for married couples filing jointly.

For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly.