Standard Deduction 2024 Married Over 65. For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600. In the old tax regime, the income tax exemption limit is ₹3 lakh for senior citizens aged above 60 but less than 80 and ₹5 lakh for super senior citizens aged.

The standard deduction for your 2023 tax return—which is filed in 2024—is $13,850 for single or married filing separately taxpayers, $27,700 if you’re married filing. In total, a married couple 65.