Standard Deduction 2024 Married Over 65. Most retirement income is subject to state income tax in north carolina, but residents with a taxable income of $47,150 or less are exempt. If your taxable income is between $47,151.
The standard deduction for those over age 65 in tax year 2023 (filing in 2024) is $15,700 for singles, $29,200 for married filing jointly if only one partner is over 65 (or $30,700 if both are). Itemized deductions are expenses that can be used to reduce your taxable income.