2024 Standard Deduction Mfj. What is the standard deduction for 2024? For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600.

2024 standard deduction over 65. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;