Standard Tax Deduction 2024. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household. Most taxpayers now qualify for the standard deduction, but there are some important details involving itemized deductions that people should keep in mind.
Seniors over age 65 may claim an. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.
