2024 Standard Deduction Married Both Over 65

2024 Standard Deduction Married Both Over 65. If you don't itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year. In this article, we'll look into what the standard deduction entails for individuals over 65 in 2023 and 2024, how it differs from standard deductions for.

People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and $1,550 for married filing jointly,. If jim and susan’s marital or eyesight status does not change, their standard deduction for 2024 tax returns will be $33,850.