What Is The Standard Deduction For 2024 Taxes. People 65 or older may be eligible for a higher amount. The additional standard deduction for the aged or the blind will be $1,550.
The standard deduction for 2024 is $14,600 for single filers, $29,200 for joint filers, and $21,900 for heads of household. To qualify for the medical deduction, your unreimbursed medical and/or dental expenses need to exceed 7.5% of your adjusted gross income (agi) for the year โ and you can only deduct.