2024 Standard Deduction Irs

2024 Standard Deduction Irs. For single taxpayers and married individuals filing separately, the standard deduction will rise to $14,600 for 2024, an increase of $750 from 2023; The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.

Here are the new 2024 standard deduction amounts, according to bloomberg tax’s forecast: And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of.