Manon Rubetta

2024 Fed Tax Standard Deduction For Seniors. If you’re age 65 and older, or considered legally blind, you can add an additional amount to the existing 2023. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).

Taxpayers age 65 & older get an additional standard deduction. When your income jumps to a higher tax bracket, you don’t pay the higher rate on your entire income.