2024 Standard Deduction Married Joint Over 65. You pay tax as a percentage of your income in layers called tax brackets. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an.


2024 Standard Deduction Married Joint Over 65

The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed. People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and $1,550 for married filing jointly,.

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