Best Bourbon 22024 Standard Tax Deduction Chart. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.

See current federal tax brackets and rates based on your income and filing status. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.