Ardene Elfrieda

2024 Standard Deduction Amount Seniors. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). People 65 or older may be eligible for a higher.

For 2024, the additional standard deduction amount for the aged or the blind is $1,550. However, the exact amount of the deduction depends on filing status, age, income, and other individual circumstances.