What Is The Standard Deduction For 2024 Hoh. An hoh filer receives a standard deduction of $21,900 in tax year 2024, reducing $70,000 in taxable income to $48,100. The deduction set by the irs for the 2024 tax year is as follows:

Discover the standard deduction for salaried individuals. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married.