Senior Standard Deduction For 2024 Tax Year. People 65 or older may be eligible for a higher. That law has substantially increased the standard deduction amount for seniors filing jointly to $30,700 for the 2023 filing year.
In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you’re 65 or older and/or blind, and whether another taxpayer can claim. The standard deduction rose in 2024.