2024 Standard Deduction Single Over Age 65. You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. People 65 or older may be eligible for a higher amount.

The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. For single taxpayers and married individuals filing separately, the.