Standard Deduction For 2024 Income. The irs adjusts the standard deduction. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.
Revised tax slabs aim for rs 17,500 savings. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an.