What Is The Standard Deduction For 2024 Hoh. These amounts are provided in the chart below.  — single taxpayers and married individuals filing separately will have a standard deduction of $14,600, an increase of $750 from the current tax year.

The standard deduction for taxpayers who don’t itemize their deductions on schedule a (form 1040) is higher for 2023 than it was for 2022. About 90% of all taxpayers take.