Standard Deduction 2024 Single Person. The standard deduction will increase by $750 for single filers and $1,500 for married couples in 2024. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.

Per the irs, the standard deduction amount for tax year 2023 (filed in 2024) is $13,850 for single filers, $27,700 for married couples and $20,800 for heads of household. Irs provides tax inflation adjustments for tax year 2024.