Standard Deduction 2024 Head Of Household Deduction

Standard Deduction 2024 Head Of Household Deduction. * if your 65th birthday is on january 1, 2024, you are considered to be age 65 on december 31, 2023.  — the standard deduction is increasing by more than 5% for 2024 income tax returns, which will be filed in 2025.

 — for those filing head of household, the standard deduction will be $21,900 for tax year 2024 (up $1,100 from tax year 2023).  — if you’re single, you’re married and filing separately or you’re the head of household, your standard deduction amount can increase by $1,850.