Standard Deduction For 2024 Over 65. Learn how the standard deduction works and how much you can deduct from your income in 2023 and 2024. Here are the amounts for 2024.

You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.