The Extra Standard Deduction for People Age 65 and Older

The extra standard deduction can help older adults reduce their taxable income.

the number 65 in grey metallic against a light blue background
(Image credit: Getty Images)

You’ve probably heard about the standard deduction, but did you know that the tax code offers a perk in the form of an extra standard deduction for people aged 65 or older? 

For eligible older adult filers, the additional deduction stacks on the regular standard deduction and can further reduce taxable income. That, in turn, can increase the amount of hard-earned money you keep in retirement.

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2024 Extra Standard Deduction Age 65 or Older (Single or Head of Household)
65 or older or blind$1,950
65 or older and blind$3,900
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2024 Extra Standard Deduction Age 65 and Older (Married Filing Jointly or Separately)
65 or older or blind$1,550 per qualifying individual
65 or older and blind$3,100 per qualifying individual
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2023 Extra Standard Deduction for Age 65 and Older (Single or Head of Household)
65 or older or blind$1,850
65 or older and blind$3,700
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2023 Extra Standard Deduction Age 65 or Older (Married Filing Jointly or Separately)
65 or older or blind$1,500 per qualifying individual
65 or older and blind$3,000 per qualifying individual

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Kelley R. Taylor
Senior Tax Editor, Kiplinger.com

As the senior tax editor at Kiplinger.com, Kelley R. Taylor simplifies federal and state tax information, news, and developments to help empower readers. Kelley has over two decades of experience advising on and covering education, law, finance, and tax as a corporate attorney and business journalist.