New Standard Deduction For 2024 Over 65. Here are the new 2024 standard deduction amounts, according to bloomberg tax's forecast: Higher standard deduction for age (65 or older).
It’s $3,100 per qualifying individual if you are married. 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.