2024 Irs Tax Brackets And Standard Deduction. Heads of households will see their standard deduction jump to $21,900 in 2024, up from $20,800. The 2024 standard deduction is $14,600 for single filers and those married filing separately, $21,900 for heads of household and $29,200 for joint filers and surviving spouses.

Standard deductions reduce a taxpayer’s taxable income and vary based on filing status. In 2025, the deduction rises to $15,000 for single filers and $30,000 for married couples filing jointly—an increase of $400 and.