2024 Standard Deduction Amount

2024 Standard Deduction Amount. How much is the standard deduction for 2024? You don’t pay federal income tax on every dollar of your income.

And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the. The additional standard deduction amount is increased to $1,950 if the individual is also.