2024 Standard Tax Deduction For Single. If the annual net taxable income is less than $100,001, truncate (shorten) the annual net taxable income to the nearest $100, and then add $50. Your standard deduction — the amount you can use as a deduction on your 1040 tax return without itemizing — will also be higher.
The standard deduction in 2024 is $14,600 for individuals, $29,200 for joint filers, and $21,900 for heads of households. If you’re the head of your household, it’s $21,900.
2024 Standard Tax Deduction For Single Images References :