Alyss Bethany

Standard Tax Deduction 2024 Single. Tax rates report, giving you an early look at what brackets and other key tax figures will look like in 2024. For 2024, that extra standard deduction is $1,950 if you are single or file as head of household.

If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150. Bloomberg tax has released its annual projected u.s.