Irs Standard Deduction Tax Year 2024 Over 65. If you file as single or head of household, and you're either 65 or older or blind, you can claim an additional standard deduction of $1,950 for the 2024 tax year. 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. 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.
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