Irs Standard Deduction 2024 Married Over 65

Irs Standard Deduction 2024 Married Over 65. Irs standard deduction 2024 allows individuals to not pay federal taxes on their income as per their status. 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.

$3,000 per qualifying individual if you are married, filing. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750.