Income Tax Standard Deduction 2024 Over 65 . And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the amount for tax year 2023. Depending on your tax rate and filing status, you’ll owe different amounts on different parts of your income depending on your taxable income.
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. 2024 standard deduction over 65.
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Standard Deduction For 2024 Taxes 65 And Over Kora Shaina , Taxpayers get a higher standard deduction when they turn 65 or are blind.