Standard Deduction 2024 Mfj . The irs released the 2024 standard deduction amounts for returns normally filed in april 2025. The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%.
Seniors over age 65 may claim an additional standard deduction. 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.
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