Standard Tax Deduction 2024 Single. The standard deduction for single taxpayers will be, $14,600, an increase from $13,850 in 2023. Section 63 (c) (2) of the code provides the standard deduction for use in filing individual income tax returns.

Heads of household will see a $1,100 increase to $21,900 compared to 2023’s $20,800. If you start now, you can make.