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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 filing jointly and ...
For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; and for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the amount for tax year 2023.
Standard Deduction Amounts. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.
Additionally, the IRS will increase the standard deduction by 5.4%. That will bring the total deduction for individual taxpayers to $14,600, which is $750 more than the current deduction of...
Don’t feel bad about taking the standard deduction! The basic standard deduction in 2024 and 2025 are: Source: IRS Rev. Proc. 2023-34, Rev. Proc. 2024-40. People who are age 65 and over have a higher standard deduction than the basic standard deduction. Source: IRS Rev. Proc. 2023-34, Rev. Proc. 2024-40.
How much is the standard deduction for 2024? The IRS released the 2024 standard deduction amounts for returns normally filed in April 2025. These amounts are provided in the chart below.
The standard deduction for taxpayers who don't itemize their deductions on Schedule A (Form 1040) is higher for 2023 than it was for 2022. The amount depends on your filing status. You can use the 2023 Standard Deduction Tables near the end of this publication to figure your standard deduction.
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