Jemmy Augusta

Standard Tax Deduction 2024 Married Jointly Over 65. Illustrate how standard deduction and marginal tax bracket changes might affect your income. People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and $1,550 for married filing jointly, married filing.

The 2024 standard deduction is increased to $29,200 for married individuals filing a joint return; Your standard deduction in 2025 will be higher than it was in 2024.