Standard Deduction 2024 Instructions. Also, standard deduction limit for family. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.

 — the standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150.