Standard Deduction For 2024 Tax Year Over 65. 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. $1,500 for married taxpayers (per qualifying person) or qualifying surviving spouse.

However, the exact amount of the deduction depends on filing status, age, income, and other individual circumstances.  — seniors over age 65 have access to an additional $1,850 standard deduction on top of their base rate, which helps reduce taxable income and gives them more financial security in retirement.