Standard Deduction For 2024 Head Of Household. People who are 65 or older can take an additional standard deduction of $1,950 for single and head.  — for the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.

 — the standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). The standard deduction is the dollar amount you’re allowed to take on your tax return to reduce your overall taxable income.