2024 Income Tax Standard Deduction Over 65. People who are age 65 and over have a higher standard deduction than the basic standard deduction. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).
There’s even more good news for older taxpayers. The 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.