2024 Standard Deductions And Tax Brackets. 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. Trump could double down and increase it even more, which.

For tax year 2024, the standard deduction for single filers is $14,600 and $29,200 for married couples filing jointly. Finance minister nirmala sitharaman’s union budget 2024.