Standard Deduction For 2024 Tax Year Over 65. These changes are multifaceted, affecting the standard deduction amounts, with particular implications for taxpayers over the age of 65. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.
The personal exemption for 2024 remains at $0 (eliminating the personal exemption was part of the tax cuts. People who are over 65 and/or disabled are eligible for an additional amount.
