Standard Deduction For 2024 Irs. Learn how it affects your taxable income and any limits on claiming it. For individuals, the new maximum will be $14,600 for 2024, up from $13,850, the irs said.
Your standard deduction depends on your filing status, age and whether a taxpayer is blind. For individuals, the new maximum will be $14,600 for 2024, up from $13,850, the irs said.