Tax Brackets 2024 And 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 heads of household. You pay tax as a percentage of your income in layers called tax brackets.
Heads of households will see their standard deduction jump to $21,900 in. What are the standard deductions for tax year 2024?