2024 Standard Deduction Over 65 Married Joint. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. For 2023, the standard deduction amount has been increased for all filers.
The top tax rate will remain at 37% for married couples filing jointly, however the income bracket has increased from $693,750 in 2023 to $731,200 in 2024. If married filing jointly, both spouses must be over 65 at the end of the tax year and neither spouse can be claimed as a dependent by someone else.
People Who Are 65 Or Older Can Take An Additional Standard Deduction Of $1,950 For Single And Head Of Household Filers And $1,550 For Married Filing Jointly, Married Filing Separately, And Qualifying Spouse Filers.
Here are the standard deduction amounts set by the irs:
For 2023, The Standard Deduction Amount Has Been Increased For All Filers.
The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.
2024 Standard Deduction Over 65 Married Joint Images References :
Married Filing Jointly Or Qualifying Surviving Spouse—$27,700.
For the 2023 tax year, seniors over 65 may claim a standard deduction of $14,700 for single filers or $27,300 for married filing jointly if only one partner is over 65 (or $28,700 if both are), and $21,150 for head of household.
Single Or Married Filing Separately—$13,850.
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 $30,700 if both are.
