Standard Tax Deduction 2024 Single. The standard deduction for single filers and. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.

For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married.