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. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year.

The federal income tax has seven tax rates in. The irs standard deduction is the portion of income that is not subject to tax and that can be used to reduce a taxpayer’s tax bill.