Chicky Jerrine

Standard Deduction 2024 Mfj Over 65. The irs allows every taxpayer, based on your filing status, to deduct a flat dollar amount from your adjusted gross income (agi). The standard deduction amounts for 2024 are $14,600 for single filers, $29,200 for joint filers, and $21,900 for heads of household.

If you don’t itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year. If you are both, you get double the additional deduction.