What Is The Standard Deduction For 2024 Over 65

What Is The Standard Deduction For 2024 Over 65. The standard deduction amounts for 2023 are $27,700 if you’re married filing jointly (an increase of $1,800 from 2022), $20,800 for heads of households (a $1,400 gain) and. 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.

Your standard deduction consists of the. The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed.