2024 Tax Standard Deduction Amount. For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately; The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).
The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. The state and local tax (salt) deduction available to federal taxpayers has.