How Much Is Standard Deduction For 2024 Taxes. That’s the 2024 regular standard deduction of $29,200 for married taxpayers filing joint returns, plus three additional standard deductions at $1,550 apiece. If you’re filing as single or married filing separately, you can deduct $13,850 for tax year 2023 (and $14,600 for.

For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married. The standard deduction will rise to $14,600 for single taxpayers, a $750 increase, the agency announced thursday.