What Is Standard Tax Deduction For 2024 Vakantie. 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. Now that you understand the importance of the standard deduction, let’s take a look at the actual standard deduction amounts for the 2024 tax year.

Find the new rates and information on extra benefits for people over 65. The irs allows every taxpayer, based on your filing status, to deduct a flat dollar amount from your adjusted gross income (agi).