2024 Standard Deduction Amount Calculator. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for. The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, itโs possible you could fall into a lower bracket.
Learn how it affects your taxable income and any limits on claiming it. Standard deduction amounts the standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an.