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Standard Deduction In 2024 For Seniors. For 2024, the additional standard deduction amount for the aged or the blind is $1,550. You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind.
For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household. For example, in the tax year 2023, if youโre single and 65+, you can add an extra $1,850 to your standard deduction, bringing up the total to $15,700.
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