What Is The Irs Standard Deduction For 2024. The difference between standard and itemized deductions, and what they mean. How much is the standard deduction for 2024?

Per the irs, the standard deduction amount for tax year 2023 (filed in 2024) is $13,850 for single filers, $27,700 for married couples and $20,800 for heads of. The amount depends on your filing.