Tax Brackets 2024 Standard Deduction. The 2024 standard deduction amounts are as follows: The irs is changing over 60 tax provisions for the 2024 tax year, including a 5% increase to the standard deduction, due to inflation.

And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the. The irs is changing over 60 tax provisions for the 2024 tax year, including a 5% increase to the standard deduction, due to inflation.