2024 Standard Deduction Married Filing Jointly Over 65. Although you have $150,000 in net investment income, you will pay 3.8% in niit only. For 2023 the irs standard deduction for seniors is $13,850 for those filing single or married filing separately, $27,700 for qualifying widows or married filing jointly, and $20,800.
Suppose you’re married filing jointly and you have $260,000 magi, which includes $150,000 in interest, dividends, and capital gains. Being blind or age 65 or over—or having a spouse who falls into one of those categories—can raise your standard deduction by the amounts below.