2024 Standard Deduction Single. What is a standard deduction? The additional standard deduction for 2024 is $1,950 (up $100 from 2023) per single person (or head of household) or $1,550 (up $50 from 2023) per qualifying individual.
This $14,600 deduction reduces the income on which you’ll pay taxes, potentially lowering your tax. The standard deduction, and learn how to maximize your tax.
