Standard Tax Deduction Head Of Household 2024. The 2023 standard deduction is $13,850 for taxpayers filing as single or married filing separately ($20,800 if you’re filing as head of household), $27,700 for taxpayers filing. People who are 65 or older can take an additional standard deduction of $1,950 for single and head of household filers and $1,550 for married filing jointly,.

It was nearly doubled for all classes of filers by the 2017 tax cuts and jobs act (tcja) as. For the 2024 tax year (filed in 2025), the irs has set the standard deduction as follows: