2024 Standard Deductions And Tax Brackets Over 65. They signify a broader recognition of the need for tax systems to adapt to. These are not the tax rates and other numbers for 2023 (you’ll find the official 2023 tax.
The standard deduction for seniors over 65 is $27,300 for married couples filing jointly and $14,700 for single filers. As economic conditions fluctuate, the irs regularly adjusts these brackets to ensure they keep pace with inflation.