2024 Standard Tax Deduction Amount 2024 . In 2024, the standard deduction is worth $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. See current federal tax brackets and rates based on your income and.
For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.
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