2024 Taxes Standard Deduction. The standard deduction for tax year 2024 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household. You deduct an amount from your income before you calculate taxes.
Per the irs, the standard deduction amount for tax year 2023 (filed in 2024) is $13,850 for single filers, $27,700 for married couples and $20,800 for heads of household. For comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024.