Standard Tax Deduction 2024 Single Over 65. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. The tax year 2024 adjustments described below generally apply to income tax returns filed in 2025.

This is because seniors generally have more. Learn the irs rates and inflation adjustments for 2024 federal taxes—tax brackets, standard deductions, new ira rules, and more.