2024 Standard Tax Deduction Amounts

2024 Standard Tax Deduction Amounts. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; For single filers and married individuals filing.

There are seven federal tax brackets for tax year 2024. The highest earners fall into the 37% range, while those who earn the.