2024 Standard Deduction Single Over 65. The standard deduction amounts increase for the 2024 tax year โ which you will file in 2025. In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you're 65 or older and/or blind, and whether another taxpayer can claim.
For 2024, the additional standard deduction amount for the aged or the blind is $1,550. Turning 65 also comes with the added benefit of extra tax deductions.
$1,500 For Married Taxpayers (Per Qualifying Person) Or Qualifying Surviving Spouse (A Married Couple Of Two 65+ Adults Would Take A Total Deduction Of $27,700 (Standard.
The 2023 standard deduction for tax returns filed in 2024 is $13,850 for single filers, $27,700 for joint filers or $20,800 for heads of household.
Thatโs Higher Than The Standard Deduction For Younger Taxpayers, Which Is $25,900.
The standard deduction for seniors over 65 filing jointly is $27,300.
Taxpayers 65 And Older And Those Who Are Blind Can Claim An Additional Standard Deduction.
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The Basic Standard Deduction In 2023 And 2024 Are:
The personal exemption for 2024 remains at $0.
For 2024, The Additional Standard Deduction Amount For The Aged Or The Blind Is $1,550.
The standard deduction gets adjusted regularly for inflation.
The 2024 Standard Deduction Amounts Are As Follows:
