The IRS has released the 2024 standard deduction amounts that you'll use for your 2025 tax return. Knowing the standard deduction amount for your filing status can help you determine whether you should take the standard deduction or itemize your deductions.
The IRS adjusts these amounts for each filing status every year. And since these adjustments are based on inflation, standard deduction amounts are higher for 2024 than they were last year.
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How much is the standard deduction for 2024? (Returns normally filed in 2025)
| Married Filing Jointly and Surviving Spouses | $29,200 | Increase of $1,500 from the 2023 amount |
| Single and Married Filing Separately | $14,600 | Increase of $750 from the 2023 amount |
| Heads of Household | $21,900 | Increase of $1,100 from the 2023 amount |
Standard deduction 2024 over 65
Standard deduction if you are claimed as a dependent
New tax brackets
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