Standard Deduction 2024 Age 65. $3,000 per qualifying individual if you are married, filing. You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind.

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 if both are). The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed.