2024 Standard Deductions And Tax Brackets Over 65. Taxpayers get a higher standard deduction when they turn 65 or are blind. Bloomberg tax has released its annual projected u.s.
The standard deduction amounts for 2024 are $14,600 for single filers, $29,200 for joint filers, and $21,900 for heads of household. The personal exemption for 2024 remains at $0 (eliminating the personal exemption was part of the tax cuts.