2024 Single Standard Deduction Amount . 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 rose in 2024.
Your standard deduction depends on your filing status, age and whether a taxpayer is blind. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married.
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Whatโs My 2024 Tax Bracket? Wells, Roselieb & Raia Wealth Management, LLC , The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.
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