Standard Deduction For 2024 Single Filer. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for. The top marginal tax rate in tax year 2024, will remain at 37% for single individuals with.

People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and $1,550 for married filing jointly,. About publication 501, standard deduction, and filing information;