Nanci Valeria

Standard Deduction 2024 Irs Table. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples. The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%.

The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). The tax brackets consist of the following.