Standard Tax Deduction 2024 Married Jointly. The finance minister proposed to increase the standard deduction for salaried employees from rs 50,000 to rs 75,000. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.

Use this worksheet to figure the amount of your projected withholding for 2024, compare it to your projected tax for 2024, and, if necessary, figure any adjustment to the amount you have withheld each payday. The additional standard deduction amount for an individual who is aged or blind is $1,550.