Standard Deduction 2024 Single Over 65. The additional standard deduction for 2024 is $1,950 (up $100 from 2023). Understanding the standard deduction can help you simplify your taxes and save money in 2024 and 2025.
If you don’t itemize deductions, you are entitled to a higher standard deduction if you are age 65 or older at the end of the year. After turning 65, the standard deduction for single filers in 2024 increases by $1,950.