Std Ded 2024 Over 65

Std Ded 2024 Over 65. In the standard deduction section, shouldn’t the amount for the 2024 single, age 65 and over be $16,150 rather than $16,550? Learn how it affects your taxable income and any limits on claiming it.

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. The additional standard deduction for people who are 65 or older is $1,950 for single filers or heads of household, and $1,550 for married couples filing jointly.