Standard Tax Deduction 2024 Single . What is the standard deduction 2024? The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.
For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately; People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and $1,550 for married filing jointly,.
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2024 Standard Deduction Single Tedda Ealasaid , If you’re filing as single or married filing separately, you can deduct $13,850 for tax year 2023 (and $14,600 for tax year 2024).