Standard Tax Deduction For 2024 Over 65. A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay. If you or your spouse were age 65 or older or blind at the end of the year, be sure to claim an additional standard deduction by checking the appropriate boxes for age or blindness.

The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an. If you are both, you get double the.