Standard Tax Deduction 2024 Over 65.  — 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. If you don't itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year.

 — the standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. The agency has boosted the income thresholds for each.