What Is The Irs Standard Deduction For 2024. After weeks of testing with roughly 1,500 returns, direct file, a free tax filing program from the irs, is now fully open in 12 pilot states, according to the u.s. And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the amount for tax.
A deduction reduces the amount of. The standard deduction is a specific dollar amount that filers can subtract from their adjusted gross income.