Standard Deduction For 2024 Taxes Irs. The standard deduction in 2024 is $14,600 for individuals, $29,200 for joint filers, and $21,900 for heads of households. The standard deduction is increasing by more than 5% for 2024 income tax returns, which will be filed in 2025.

The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed. Most taxpayers now qualify for the standard.