How Much Is The Standard Deduction For 2024. D) family pensioners can claim standard deduction of rs 15,000 from their family pension. 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 tcja also had an impact on. And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the amount for tax year 2023.