in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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It can by you or your spouse or it can be both age 65 or older
Standard deductions for 2024
Single - $14,600 add $1,950 if age 65 or older
Married Filing Separately - $14,600 add $1,550 if age 65 or older
Married Filing Jointly - $29,200 add $1,550 for each spouse age 65 or older
Head of Household - $21,900 add $1,950 if age 65 or older
It is for each person. You don’t both have to be over 65 to get the Standard Deduction increase.
Joint is 29,200 + 1,550 for each spouse 65 and over
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