2024 Standard Deduction Amount. The additional standard deduction amount increases to $1,950 for unmarried. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.

For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600. 2024 standard deduction over 65.