Standard Deduction For 2024 Tax Return. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; 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.

Here are the standard deduction amounts set by the irs: The standard deduction for tax year 2024 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household.