2024 Standard Deduction For Married Couples Over 60. Single taxpayers and married individuals filing separately will have a standard deduction of $14,600, an increase of $750 from the current tax year. Many of the provisions in the tcja are scheduled to expire after 2025, including the lower marginal tax rates, increased standard deduction, and higher gift and estate.
If you are 65 or older or blind, you can claim an additional standard deduction. The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year.