2024 Standard Deduction Over 65 Irs. Seniors over age 65 have access to an additional $1,850 standard deduction on top of their base rate, which helps reduce taxable income and gives them. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.
$3,000 per qualifying individual if you are. 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.