2024 Standard Deduction Over 65 Vs Itemized. The personal exemption for 2024 remains at $0 (eliminating the personal exemption was part of the tax cuts. When deciding whether you should take the standard deduction vs.

An itemized deduction, it really comes down to what deductions you’d qualify for. The 2023 standard deduction is $13,850 for taxpayers filing as single or married filing separately ($20,800 if you’re filing as head of household), $27,700 for taxpayers filing.