Joan Melody

2024 Standard Tax Deduction Amount. 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. For single filers and married individuals filing.

The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed. Seniors over age 65 may claim an additional standard deduction.