Standard Deduction 2024. Read on to learn what a higher standard deduction will mean. These are not the tax rates and other numbers for 2023 (you'll find the official 2023 tax rates here).

Read on to learn what a higher standard deduction will mean. Standard deduction amounts the standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.