Standard Tax Deduction 2024 Irs. The standard deduction is indexed for inflation annually. For those filing head of household, the standard deduction will be $21,900 for tax year 2024 (up $1,100 from tax year 2023).
In 2025, the deduction rises to $15,000 for single filers and $30,000 for married couples filing jointly—an. 50,000 or the amount of salary, whichever is lower;