Irs Standard Deduction Tax Year 2024 Over 65. The personal exemption for 2024 remains at $0 (eliminating the personal exemption. Learn how to claim the extra standard deduction for taxpayers who are 65 or older by the end of the tax year, and how it varies depending on filing status and.

The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year.