Single Filer Standard Deduction 2024 . The standard deduction for tax year 2024 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household. If you’re a single filer in the 22 percent tax bracket for 2024, you won’t pay 22 percent on all your taxable income.
People 65 or older may be eligible for a higher amount. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from 2023 ($13,850 and $27,700).
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