2024 Income Tax Standard Deduction Over 65. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an.
The standard deduction for family pensioners has also increased from ₹15,000 to ₹25,000. For the 2022 tax year, the standard deduction is $25,900 for joint filers, $19,400.
