Standard Deduction For 2024 Tax Year Over 65 . In 2024, the standard deduction is worth $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. How much of a deduction you're entitled to.
Find the new rates and information on extra benefits for people over 65. If you file as single or head of household, and you’re either 65 or older or blind, you can claim an additional standard deduction of $1,950 for the 2024 tax year.
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