Standard Deduction 2024 Single Person. 2024 standard deduction for single filers for the tax year 2024, single filers (people who are not married and do not qualify for any other filing status) are eligible for a. The top marginal tax rate in tax year 2024, will remain.
The standard deduction applies to the tax year, not the year in which you file. The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%.