Standard Deduction For Married Joint 2024. If you're married, filing, jointly or separately, the extra standard deduction amount is. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700.


Standard Deduction For Married Joint 2024

The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed. Your itemized deductions need to exceed that dollar amount for itemizing to reduce.

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