What Is The Standard Deduction For 2024 Joint

What Is The Standard Deduction For 2024 Joint. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). For 2024, the additional standard deduction is $1,950 if you are single or file as head of household.

For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600. The standard deduction for single taxpayers will.