2024 Standard Deductions And Tax Brackets Married Jointly Over 65

2024 Standard Deductions And Tax Brackets Married Jointly Over 65. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of. In total, a married couple 65 or older would have a standard.

You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023.