Single Filer Standard Deduction 2024. In tax year 2024, the standard deductions are as follows: You don’t pay federal income tax on every dollar of your income.
In 2024, the standard deduction for heads of household is $21,900 versus $14,600 for those filing single (for 2023, those figures are $20,800 and $13,850, respectively). Near the end of each year, the irs issues a revenue.