Standard Deduction 2024 Age 68. Find out who is eligible, who is not, and what. Find out the standard deduction amounts for.

Learn how to calculate your standard deduction for tax year 2023, which reduces the amount of income on which you’re taxed. If you are 65 or older and blind, the 2023 extra standard deduction is $3,700 if you are single or filing as head of household.