2024 Standard Tax Deduction Amount. For the tax year 2024, people who qualify as heads of household are eligible for a standard deduction of $21,900. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.
The additional standard deduction amount will increase to $1,950 if the individual is. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.
2024 Standard Tax Deduction Amount Images References :