Standard Tax Deduction 2024 Single. In its announcement tuesday, the agency raised the income thresholds for each bracket, which applies to tax year 2025 for returns filed in 2026. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.
For single taxpayers and married individuals filing separately in tax year 2025, the standard deduction is rising to $15,000 โ up $400 from 2024. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.
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