Standard Deduction 2024 Single Filers. The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.
$14,600 (up from $13,850 in 2023) For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.