Standard Deduction For 2024 Married Joint Pension. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700 if both are) and $22,650 for head of household.
Updates from the 2023 legislature for tax year 2024. Married filing jointly or qualifying surviving spouse—$27,700.