Standard Deduction 2024. 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. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.

The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of.