2024 Standard Deductions And Tax Brackets. For single taxpayers and married individuals filing separately, the standard deduction will rise to $14,600 for 2024, up $750 from this year; New 2024 income tax brackets and a higher standard deduction may mean tax cuts for many americans.
9, 2023, the irs announced the annual inflation adjustments for the 2024 tax year. An individual has to choose between new and.