2024 Standard Deduction. — if you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household. — the internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket.
— the irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns. You don’t pay federal income tax on every dollar of your income.