Taryn Francyne

Standard Deduction 2024 For Seniors. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; You are considered age 65 on the day before your 65th birthday.

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. 2024 standard deduction for seniors over 65 angele valene, $3,700 if you are single or filing as head of household.