Standard Deduction For 2024 Income. The standard deduction in 2024 is $14,600 for individuals, $29,200 for joint filers, and $21,900 for heads of households. For 2023, the federal standard deduction for single filers was $13,850, for married filing jointly it was $27,700 and for the head of household filers, it increased to.
Standard deduction projected 2024 standard deduction by filing status. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an.