2024 Standard Deduction Amount Over 65. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of. Individuals who are at least partially blind or at least 65 years old get a larger standard deduction.

$3,700 if you are single or filing as head of household. Further section 80ddb of the income tax act allows tax deduction on expenses incurred by an individual on himself or a dependent towards the treatment of specific diseases as stated in.