What Is The Standard Deduction For 2024. Itโs the simplest way to reduce your taxable income on your tax return. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).
The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). Learn more about tax brackets and rates.