Standard Deduction For 2024 Married Over 65

Standard Deduction For 2024 Married Over 65. The top tax rate will remain at 37% for married couples filing jointly, however the income bracket has increased from $693,750 in 2023 to $731,200 in 2024. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.


Standard Deduction For 2024 Married Over 65

$1,500 for married taxpayers (per qualifying person) or qualifying surviving spouse (a married couple of two 65+ adults would take a total deduction of. The standard deduction lowers your adjustable gross income (agi) and the taxes you owe.

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