Irs Income Tax Standard Deduction 2024. The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. You pay tax as a percentage of your income in layers called tax brackets.

The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving. 4, 2024 — tax credits and deductions change the amount of a person’s tax bill or refund.