Standard Deduction 2024 Single Over 65. Section 63 (c) (2) of the code provides the standard deduction for use in filing individual income tax returns. For 2024, that extra standard deduction is $1,950 if you are single or file as.
Higher standard deduction for age (65 or older). 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.