How Much Is Standard Deduction For 2024 Taxes. 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. The budget 2024 announced a rs.25,000 hike in the standard.

Here are the standard deduction amounts set by the irs: Changes in new tax regime.