2024 Standard Deduction For Seniors Over 65. 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. For comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024.

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. Your standard deduction consists of the sum of the basic standard deduction and.