2024 Standard Deduction Single Blind. For the current tax year (2024 tax returns), the standard deduction amounts have increased slightly: $13,850 for single or married filing separately.
The standard deduction amount for tax year 2023 (filed in 2024) is $27,700 for a married couple filing jointly, $13,850 for single or married filing separately filers, and $20,800 for. A deduction reduces the amount of a taxpayer’s income that’s subject to tax, generally reducing the amount of tax the individual may have to pay.