Standard Deduction 2024 Irs 2024. The standard deduction for taxpayers who don't itemize their deductions on schedule a (form 1040) is higher for 2023 than it was for 2022. The additional standard deduction for the aged or the blind will be $1,550.
The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed. The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried.