Income Tax 2024 Standard Deduction. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. Ready or not, the 2024 tax.

Tax rates report, giving you an early look at what brackets and other key tax figures will look like in 2024. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;