Standard Deduction 2024 Married Filing Single. $13,850 (up from $12,950 in 2022) heads of household: The standard deduction is a flat amount that reduces your taxable income and potentially your tax bill.
Married couples filing jointly can claim an. For the 2024 tax year, the standard deduction is $14,600 for single filers and married taxpayers who file separate returns (up from $13,850 for 2023), while married couples filing jointly and.