Standard Tax Deduction 2024. What is the standard deduction for 2024? The standard deduction in 2024 is $14,600 for individuals, $29,200 for joint filers, and $21,900 for heads of households.
The amount of the standard deduction is as follows: And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the.