2024 Tax Rates And Brackets For Seniors. The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700 if both are. In 2024 and 2025, the income tax rates for each of the seven brackets are the same:

As your taxable income increases, the percentage of tax you pay on your income can increase. Here’s what taxpayers need to know.