Standard Deduction 2024 Age 68. Standard deduction amounts for 2024. Let’s take a closer look at the standard deduction for the 2024 and 2025 tax years, why it’s important, and how it can work to your benefit.
Find the new rates and information on extra benefits for people over 65. Here are the irs standard deductions for 2023 and 2024 tax years based on tax filing status: