2024 Tax Standard Deduction Amount. Your standard deduction consists of the sum of the basic standard deduction and. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.


2024 Tax Standard Deduction Amount

The annual standard deduction is a static amount determined by congress. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.

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