What Is The Standard Deduction For 2024 Joint. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). In 2026, this is all expected to change (again).
For 2023 taxes, due in april 2024, the standard deduction is $13,850 for single filers and those who are married filing separately. Standard deduction for salaried persons may rise to rs 1 lakh budget 2024: