Standard Deduction 2024 For Seniors Over 65. Income tax deduction on interest on bank deposits. You're considered to be 65 on the day before your 65th birthday (for tax year 2023, you're considered to be 65 if you were born before january 2, 1959).
$3,700 if you are single or filing as head of household. $3,700 if you are single or filing as head of household.