2024 Standard Deduction Married Over 65

2024 Standard Deduction Married Over 65. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of. Whether you are single or married is determined at the end of your tax year, which is december 31 for most taxpayers.

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. Taxpayers get a higher standard deduction when they turn 65 or are blind.