Standard Tax Deduction 2024 For Seniors. The standard deduction is increasing by more than 5% for 2024 income tax returns, which will be filed in 2025. You're considered to be 65 on the day before your 65th birthday (for.

The 2024 standard deduction is $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700.