Standard Deduction For Seniors 2024 Tax Year. For the 2024 tax year (filed in 2025), the irs has set the standard deduction as follows: Your standard deduction consists of.

Below, we’ll look at what the standard deduction is for the 2023 and 2024 tax years and how it works, so you can make the right call for your tax return. The standard deduction amounts for 2024 are $14,600 for single filers, $29,200 for joint filers, and $21,900 for heads of household.