Standard Tax Deduction 2024 Over 65. People who are age 65 and over have a higher standard deduction than the basic standard deduction. Your standard deduction consists of the sum of the basic standard deduction and.
The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. If you are 65 or older or blind, you can claim an additional standard deduction.