2024 Standard Deduction Married Joint Over 65. The 2024 standard deduction is $14,600 for single filers and those married filing separately, $21,900 for heads of household and $29,200 for joint filers and surviving spouses. Your standard deduction consists of the sum of the basic standard deduction and.

People who are age 65 and over have a higher standard deduction than the basic standard deduction. The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed.