Standard Deduction For 2024 Single Filer. The standard deduction for tax year 2024 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household. The standard deduction for single filers and for married people who file separate returns rises to $14,600, up $750 from 2023;

And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the. A deduction reduces the amount of a taxpayer’s income that’s subject to tax, generally reducing the amount of tax the individual may have to pay.