2024 Tax Brackets And Standard Deduction Over 65. It's $3,100 per qualifying individual if you are. Depending on your tax rate and filing status, you’ll owe.
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. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750.