Standard Deduction 2024 Single Filers. You don’t pay federal income tax on every dollar of your income. The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%.

The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.