2024 Standard Tax Deduction For Single . — 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. Seniors over age 65 may claim an additional standard deduction.
Plus, there’s good news for savers: — for the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600.
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