What Is The Standard Deduction For 2024 Joint. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. For tax year 2024, for example, the standard deduction for those filing as married filing jointly is $29,200.

For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples. People who are age 65 and over have a higher standard deduction than the basic standard deduction.