Standard Deduction For 2024. How much is the standard deduction for 2024? For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;

Finance minister has announced a hike in the standard deduction amount in new tax regime hiked to rs 75000 in budget 2024. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.