Barbra Savina

Standard Deduction For 2024 Over 65 Irs. 2024 standard deduction over 65. The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.

The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. That means a single taxpayer 65 or older (or who is blind) can claim a total standard deduction of $16,550 on their 2024 federal tax return.