2024 Standard Deduction Single Over 65. Single or married filing separately: Single or married filing separately—$13,850.
Turning 65 also comes with the added benefit of extra tax deductions. The 2023 standard deduction for tax returns filed in 2024 is $13,850 for single filers, $27,700 for joint filers or $20,800 for heads of household.
For 2024, The Deduction Is Worth:
The standard deduction gets adjusted regularly for inflation.
Note:if You Are At Least 65 Years Old Or Blind, You Can Claim An Additional 2023 Standard Deduction Of $1,850 (Also $1,850 If Using The Single Or Head Of.
Alternative minimum tax exemption increased.
The Personal Exemption For 2024 Remains At $0.
Images References :
$27,700 (Up From $25,900 In 2022) Single Taxpayers And Married.
The standard deduction amounts for 2023 tax returns (those filed in 2024) are:
In 2023, She Will Receive The Ordinary Standard Deduction Of $13,850, Plus An Extra Standard Deduction Of $1,850 For Being A Single Filer Over The Age Of 65.
Single or married filing separately:
Married Filing Jointly Or Qualifying Surviving Spouse—$27,700.
