The Internal Revenue Service has announced updated standard deduction amounts for the 2026 tax year, including a modest, yet meaningful, increase for Americans age 65 and older.

The change, which reflects annual inflation adjustments and provisions from the recently enacted “One Big Beautiful Bill,” could help older taxpayers reduce their taxable income and simplify filing.

The 2026 standard deduction will increase to $32,200 for married couples filing jointly, $16,100 for single filers, and $24,150 for heads of households.

Read more: IRS makes historic change to how it handles tax returns: What’s next

And for seniors, the news is even better.

Filers 65 and older will receive an additional standard deduction, which increases slightly for 2026.

Qualifying single filers and heads

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