Standard Tax Deduction 2024 Married Jointly Single. It’s $29,200 if you’re a. People 65 or older may be eligible for a higher amount.
For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; 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 couples.