2024 Standard Deduction Married Jointly Over 65

2024 Standard Deduction Married Jointly Over 65. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700.

Whether you or your spouse is at least 65 years old; If you don’t itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year.