Standard Deduction 2024 Over 65 Mfj

Standard Deduction 2024 Over 65 Mfj. People 65 or older may be eligible for a higher amount. Being blind or age 65 or over—or having a spouse who falls into one of those categories—can raise your standard deduction by the amounts below.

It’s called the extra standard deduction, exclusively for people who are 65 years and older by the. 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.