Standard Tax Deduction For 2024 Over 65
Standard Tax Deduction For 2024 Over 65. The standard deduction for taxpayers over the age of 65 is higher than for younger taxpayers, acknowledging the unique financial challenges faced by this age group. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.
For 2024, that extra standard deduction is $1,950 if you are single or file as head of household. If you’re single, you’re married and filing separately or you’re the head of.
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