2024 Income Tax Standard Deduction Over 65
2024 Income Tax Standard Deduction Over 65. The personal exemption for 2024 remains at $0 (eliminating the personal exemption. 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.
The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. If you are both, you get double the.