Standard Deduction 2024 Single Dependent. 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%. Generally, your filing status is based on your marital status on the last day of the year.

2024 publication 501 provides tax information on dealing with dependents, the standard deduction, tax exemptions, and filing status. The standard deduction is a fixed amount that.