Standard Deduction 2024 Married Jointly 65 Years. The standard deduction is a flat amount that reduces your taxable income and potentially your tax bill. The qcd will, i think and hope, simply our giving while retaining a tax advantage.

If you are 65 or older and blind, the extra standard deduction is: If you or your spouse were age 65 or older or blind at the end of the year, be sure to claim an additional standard deduction by checking the appropriate boxes for age or blindness on form.