Irs 2024 Standard Deductions And Tax Brackets. And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;

And the standard deduction for heads of. The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket for the income you earn in 2024.