2024 Standard Deduction Single Over Age 65. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150. You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind.
You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. How much is the additional standard deduction?