The IRS gives taxpayers a Standard Deduction based on their filing status as follows:
 

• Single or Married Filing Separately — $15,750

• Head of Household — $23,625

• Married Filing Jointly or Qualifying Surviving Spouse — $31,500
   

Beginning with the 2025 tax year, seniors aged 65 and older can claim a new additional deduction of $6,000 each

•  To qualify for the $6,000 deduction, you must be 65 or older by the end of the tax year and meet certain Modified Adjusted Gross Income (MAGI) thresholds.

  • For single filers, the full deduction is available if your MAGI is under $75,000.

  • For married couples filing jointly, where both spouses are 65 or older, the full deduction is available if their combined MAGI is under $150,000.