Terri Georgeta

2024 Standard Deduction Over 65 Vs Itemized. Taxpayers who are age 65 or older on the last day of the year and don't itemize deductions are entitled to a higher standard deduction. You don’t pay federal income tax on every dollar of your income.

When deciding whether you should take the standard deduction vs. If you are 65 or older or blind, you can claim an additional standard deduction.