Standard Deduction 2024 Irs. When your income jumps to a higher tax bracket, you don't pay the higher rate on your entire income. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.

For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; $14,600 for married couples filing separately.