Standard Deduction 2024 Mfj Over 65

Standard Deduction 2024 Mfj Over 65. Single or married filing separately (mfs) $13,850; The standard deduction for taxpayers over the age of 65 is higher than for younger taxpayers, acknowledging the unique financial challenges faced by this age group.


Standard Deduction 2024 Mfj Over 65

Standard deduction for age 65 and over.  โ€” the additional standard deduction for people who are 65 or older is $1,950 for single filers or heads of household, and $1,550 for married couples filing jointly.

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