Irs Standard Deduction 2024 Over 65 Single

Irs Standard Deduction 2024 Over 65 Single. 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 both are. In total, a married couple 65 or older would have a standard.

Learn how it affects your taxable income and any limits on claiming it. 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.