2024 Standard Deduction For Seniors Over 70

2024 Standard Deduction For Seniors Over 70. The standard deduction amounts for 2024 are $14,600 for single filers, $29,200 for joint filers, and $21,900 for heads of household. You are considered age 65 on the day before your 65th.

The standard deduction is the specific dollar amount, set each year by the irs, that lowers the amount of income on which you pay tax. Standard deduction for age 65 and over.