Standard Deduction 2024 For Seniors Over 70. If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550. 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.
Each year, the irs adjusts standard deduction amounts for inflation (similar to its tax rate brackets, maximum 401k. People who are age 65 and over have a higher standard deduction than.