Tax Brackets 2024 Standard Deduction

Tax Brackets 2024 Standard Deduction. The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%. It's $3,100 per qualifying individual if you are.


Tax Brackets 2024 Standard Deduction

The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 — for single taxpayers and married individuals filing separately. You pay tax as a percentage of your income in layers called tax brackets.

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