2024 Tax Brackets And Standard Deduction Over 65

2024 Tax Brackets And Standard Deduction Over 65. 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. And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the.

Here’s a look at the projected numbers for the tax year 2024, beginning jan. In this article, we’ll look into what the standard deduction entails for individuals over 65 in 2024 and 2025, how it differs from standard deductions for younger taxpayers, and.