Standard Deduction 2024 Over 65 Filing Joint

Standard Deduction 2024 Over 65 Filing Joint. For 2025, the standard deduction will rise by $400 to $15,000 for single filers, $800 to $30,000 for married couples filing jointly, and $600 to $22,500 for heads of household. 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.

Single filers will see an increase of $750 and joint filers will receive a $1,500 bump in their standard deduction. In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you’re 65 or older and/or blind, and whether another taxpayer can claim.