Standard Deduction 2024 Irs Table. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.
Now, 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. People who are age 65 and over have a higher standard deduction than the basic standard deduction.
Standard Deduction 2024 Irs Table Images References :