Standard Tax Deduction 2024 Irs. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. Irs provides tax inflation adjustments for.

If you expect to claim the standard deduction on your 2024 tax return, enter the amount on line 2a. Per the irs, the standard deduction amount for tax year 2023 (filed in 2024) is $13,850 for single filers, $27,700 for married couples and $20,800 for heads of household.