Standard Deduction For 2024 For Seniors 2024. All salaried individuals using old or new income tax regime can have a standard deduction of rs. The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.

How much is the additional standard deduction? 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.