What Is The Standard Deduction For 2024 Mfj. Your standard deduction depends on your filing status, age and whether a taxpayer is blind. Find the 2024 tax rates.

The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed.