How Much Is Standard Deduction For 2024 Taxes

How Much Is Standard Deduction For 2024 Taxes. For 2024, the additional standard deduction amount for the aged or the blind is $1,550. Standard deduction and personal exemption the standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).

The additional standard deduction amount increases to $1,950 for unmarried. You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind.