2024 Standard Deductions Taxes

2024 Standard Deductions Taxes. Per the irs, the standard deduction amount for tax year 2023 (filed in 2024) is $13,850 for single filers, $27,700 for married couples and $20,800 for heads of household. Irs provides tax inflation adjustments for tax year 2024.

These amounts are provided in the chart. For 2024, the standard deduction amount has been increased for all filers, and the amounts are as follows.