2024 Standard Deduction Amount Over 65. Further section 80ddb of the income tax act allows tax deduction on expenses incurred by an individual on himself or a dependent towards the treatment of specific diseases as stated in the act. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700 if both.

If you are both, you get double the additional deduction. There’s even more good news for older taxpayers.