Standard Deduction 2024 Single Over 65

Standard Deduction 2024 Single Over 65. You can also itemize individual tax deductions, for things like charitable donations, but they need to add up to more than the standard deduction to make itemizing worthwhile. In general, the standard deduction is adjusted each year for inflation and varies according to your filing status, whether you're 65 or older and/or blind, and whether another taxpayer can claim you as a dependent.

Therefore, you can take a higher standard deduction for 2023 if. If you’re both 65 and blind, the additional deduction amount is doubled.