Standard Tax Deduction 2024 Single Over 65

Standard Tax Deduction 2024 Single Over 65. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). Use our income tax calculator to estimate how much tax you might pay on your taxable income.

For example, a single taxpayer who is age 65 and blind would be entitled to a basic standard deduction and an additional standard deduction equal to the sum of the. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;