2024 Standard Tax Deduction Married Jointly Over 65 . For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples filing jointly and. The standard deduction will rise to $14,600 for single taxpayers, a $750 increase, the agency announced thursday.
If you are 65 or older and blind, the extra standard deduction is: You pay tax as a percentage of your income in layers called tax brackets.
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