Standard Tax Deduction 2024 Single Over 65

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Standard Tax Deduction 2024 Single Over 65. The standard deduction is a flat amount that reduces your taxable income and potentially your tax bill. It's $3,100 per qualifying individual if you are married filing.


Standard Tax Deduction 2024 Single Over 65

Your standard deduction depends on your filing status, age and whether a taxpayer is blind. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples.

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