2024 Standard Deduction For Married Couples Over 65

2024 Standard Deduction For Married Couples Over 65. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024,. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving spouse).

The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023. The irs considers an individual to be 65 on the day before their 65th birthday.