Standard Deduction 2024 Single Over 65. For instance, as of 2022 single filers are able to take an additional $1400 and married filers over 65 are able to take an additional $1,750 each on top of their actual standard. Learn how the extra standard deduction can help older adults reduce their taxable income and save money in retirement.
In this article, we’ll look into what the standard deduction entails for individuals over 65 in 2024 and 2025, how it differs from standard deductions for younger taxpayers, and. Learn how to claim an additional standard deduction if you are 65 or older and don’t itemize deductions in tax year 2023 (filed in 2024).