Standard Tax Deduction 2024 Married Jointly Over 65. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. If you are 65 or older or blind, you can claim an additional standard deduction.

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 are). Section 80d senior citizens can claim up to rs 50,000 for health insurance premiums paid.