2024 Single Standard Deduction Amount. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.
This publication discusses some tax rules that affect every person who may have to file a federal income tax return. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.