2024 Standard Deduction Over 65. The budget 2024 announced a rs.25,000 hike in the standard. 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.

Standard deductions for taxpayers over 65. If you are a single senior over the age of 65, you can claim an additional standard deduction of $1,950, married seniors are entitled to an additional $1,550.