Single Filer Standard Deduction 2024
Single Filer Standard Deduction 2024. — it also determines your standard deduction and your eligibility for other deductions and tax credits. * if your 65th birthday is on january 1, 2024, you are considered to be age 65 on december 31, 2023.
— the standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). If your income is below this amount, you generally do not need to file a federal income tax.