What Is Standard Tax Deduction For 2024 Over 65. 1, the irs considers you 65 for the previous tax year, and you may claim the larger standard deduction. It's called the extra standard deduction, exclusively for people who are 65 years and older by the.

For those filing head of household, the standard deduction will be $21,900 for tax year 2024 (up $1,100 from tax year 2023). The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.