Standard Deduction For 2024 Single Over 65

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Standard Deduction For 2024 Single Over 65. The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%. Married filing joint (mfj) or surviving spouse $29,200.


Standard Deduction For 2024 Single Over 65

Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. For example, a single taxpayer who is age 65 and blind would be entitled to a basic standard deduction and an additional standard deduction equal to the sum of the additional amounts for.

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