2024 Standard Deduction. You don’t pay federal income tax on every dollar of your income. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.

The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;