Single Filer Standard Deduction 2024

Single Filer Standard Deduction 2024. The top marginal tax rate in tax year 2024, will remain. For the tax year 2024, the top tax rate is 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly).


Single Filer Standard Deduction 2024

The additional standard deduction for people who are 65 or older is $1,950 for single filers or heads of household, and $1,550 for married couples filing jointly. The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%.

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