Standard Deduction 2024 Married Jointly 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. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750.

The standard deduction for 2024 is: The additional standard deduction for people who are 65 or older is $1,950 for single filers or heads of household, and $1,550 for married couples filing jointly.