2024 Standard Deduction 2024. For 2024, the standard deduction amount has been increased for all filers, and the amounts are as follows. The standard deduction for taxpayers who don't itemize their deductions on schedule a (form 1040) is higher for 2023 than it was for 2022.
These are not the tax rates and other numbers for 2023 (you’ll find the official. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550.
