Actually, only "I'm taller than he (is)" is the only correct one. HOWEVER, most people use the other one - and they're wrong. So, you have a choice - to be grammatically correct or to use it like most people do. I prefer the correct way. It is my opinion that as long as you know the correct way, and can intentionally use it the wrong way (colloquially or otherwise), you're golden!
Enjoy!!