Standard Deduction 2024 For Seniors Single. 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. Higher standard deduction for age (65 or older).
The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed. Your standard deduction depends on your filing status, age and whether a taxpayer is blind.