2024 Standard Deductions. Standard deduction amounts for 2024 & 2025, & what percent claim standard vs itemized deductions. Your standard deduction — the amount you can use as a deduction on your 1040 tax return without itemizing — will also be higher.

The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. 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.