Standard Tax Deduction 2024 For Seniors. $1,850 for single or head of household. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;
— according to data provided by the joint committee on taxation (jct), taxpayers earning over $100,000 claim 97 percent of the charitable deduction, roughly. — here’s what that means: