Standard Deduction 2024 Over 65 Married. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). 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.
The amount of the additional standard deduction varies depending on filing. The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed.