2024 Tax Standard Deduction Amount

2024 Tax Standard Deduction Amount. The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed. $14,600 for married couples filing separately;


2024 Tax Standard Deduction Amount

If you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household. 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.

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