Heads of household filers will be entitled to a standard deduction of $21,900 on their 2024 tax return. The 2024 standard deduction for head of household is $21,900.
For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).
Besides Your Tax Filing Status, Other Factors.
The standard deduction for 2024 varies depending on filing status.
Ever Wonder What The Difference Is Between A Single Filer And A Head Of Household Filer?
The head of household status provides a larger standard deduction and better tax rates for calculating federal income.
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If You Expect To Claim The Standard Deduction On Your 2024 Tax Return, Enter The Amount On Line 2A.
The 2024 standard deduction is $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.
Publication 501 From The Internal Revenue Service (Irs) Is A Comprehensive Guide That Provides.
Married couples filing jointly will see a deduction of $29,200, a boost of $1,500 from 2023, while heads of household will see a jump to $21,900 for heads of.