Standard Deduction For 2024 Tax Year Over 65. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household. If you are both, you get double the.

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. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for.