2024 Standard Deduction Over 65 Married Joint. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers. The top tax rate will remain.
The tax rate for couples (joint filing) earning under $450k will be preserved the tax rate for individuals (single filing) earning under $400k will be preserved however, with that in mind. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023.