Standard Deduction 2024 Mfj 2024. Your standard deduction — the amount you can use as a deduction on your 1040 tax return without itemizing — will also be higher. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).
Your standard deduction consists of the sum of the basic standard. Your standard deduction — the amount you can use as a deduction on your 1040 tax return without itemizing — will also be higher.