How Much Is Standard Deduction 2024 Single. The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%. The standard deduction will increase by $750 for single filers and $1,500 for married couples in 2024.


How Much Is Standard Deduction 2024 Single

You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. If you’re married filing jointly or separately, the extra standard deduction is.

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