Standard Deduction 2024 Over 65 Single. Being blind or age 65 or over—or having a spouse who falls into one of those categories—can raise your standard deduction by the amounts below. The standard deduction reduces your adjusted gross income (agi) to help lower your federal.

Your standard deduction consists of the sum of the basic standard deduction and. The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed.