2024 Single Standard Deduction Amount.  — the standard deduction is a fixed amount you can deduct from your taxable income that is adjusted every year to keep up with inflation.  — the standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).

Ever wonder what the difference is between a single filer and a head of household filer? Your standard deduction consists of the sum of the basic standard deduction and.