2024 Standard Deduction Over 65 Married. For couples who are earning over $470.7k, their tax rate will be 39.6% for individuals who are earning over $418.4k, their tax rate will be 39.6% as mentioned above, tax rates are adjusted. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples.

For comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024. 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.