The IRS has set the standard deductions for 2024, which will reduce your taxable earnings on 2025 tax returns. These amounts are different based on your filing status. For single filers, the standard deductions in 2024 will be $14,600, $29,200 for joint filers, and $21,900 for heads of household.
IRS Standard Deduction 2024
The specific amount that can reduce your taxable income and simplify the tax process is known as IRS Standard Deduction. The International Revenue Service has adjusted the standard deductions for 2024 so you can easily file your taxes in 2025 by saving your taxable earnings. Standard Deductions and itemized deductions are the two options that lower their tax income.
Individuals’ filing status determines standard deductions. For example, those who are blind or age 65 or older usually get a higher standard deduction, and individuals who file as dependents are eligible for lower standard deductions. This article includes other details about the standard deduction amounts, when to claim them, additional standard deductions, etc.
How much can you reduce your taxable income through IRS Standard Deduction 2024?
The standard deductions amount mostly depends on individual filing methods such as single, married filing jointly, married filing separately, filing as dependent, etc. You can check the adjustment IRS Standard Deduction 2024 amounts that may help you lower your taxable income in the table below.
| Filing Status | IRS Standard Deduction 2023 | IRS Standard Deduction 2024 |
| Single; Married filing separately | $13,850 | $14,600 |
| Married filing jointly; Surviving spouse | $27,700 | $29,200 |
| Head of household | $20,800 | $21,900 |
If you file as dependent on someone else’s tax return then your standard deductions can be greatly impacted by your earned income. For the 2024 tax year, a dependent’s standard deduction is the greater of $1,300 or their earned income plus $450, up to the standard deduction amount for their filing status
Additional Standard Deductions 2024
Taxpayers who are 65 or older or blind can be eligible to reduce more taxable income because the IRS provides them with additional standard deductions. The additional standard deductions in 2024 mostly depend on your situation, age, and filing status.
For the age-based additional standard deductions, you must be about 65 by the end of the tax year and for the additional standard deduction for blindness you must be fully blind or see less than 20/200 or your field of vision is 20 degrees or fewer. The additional standard deduction rates in 2024 for both situations are given below.
| Your Filing Status | Your Situation | Additional Standard Deductions 2024 |
| Single or head of household | 65 or older or blind | $1,950 |
| 65 or older and blind | $3,900 | |
| Married filing jointly or separately and surviving spouse | 65 or older or blind | $1,550 |
| 65 or older and blind | $3,100 |
Who can’t benefit from IRS Standard Deductions 2024?
The IRS standard deduction 2024 is the most attractive and beneficial option for many taxpayers. But some taxpayers can’t take benefit from these deductions such as:
- Taxpayers must be U.S. citizens or resident aliens for the full tax year otherwise you can’t benefit from standard deduction 2024.
- If you are filing for less than 12 months due to some change in your accounting period, then you can’t utilize standard deductions.
- If your spouse itemizes deductions and you want to benefit from standard deductions, then it’s not possible.
- Trusts, Estates, and partnerships are not eligible to claim Standard Deductions.
When can I claim IRS Standard Deduction 2024?
The IRS standard deduction 2024 can be claimed when you file your taxes in the 2025 tax season. The 2024 tax year filing season can be expected to start in late January and end on 15 April 2025. To claim Standard Deduction 2024, you just need to select its form on your tax return while fulfilling other requirements.
If you need more time, then you can request an extension period which typically runs until 15 October. By knowing the timeline of when to claim standard deductions, you can simplify your tax process and lower your taxable income. If your itemized deductions are more than standard deductions then claim it to reduce your more taxable earnings.
