What Is Standard Tax Deduction For 2024 Taxes. The 2023 standard deduction is $13,850 for single taxpayers ($20,800 if you’re filing as head of household), $27,700 for married taxpayers, and slightly more if you’re over 65. For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately;
Republicans capped that deduction, known as salt, at $10,000 in. The standard deduction limit has been increased to rs 75,000 under the new tax regime.
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