Standard Tax Deduction 2024 Single. Your standard deduction is the larger of: If you’re filing as single or married filing separately, you can deduct $13,850 for tax year 2023 (and $14,600 for tax year 2024).
Here are the standard deduction amounts set by the irs: — by combining several years’ worth of donations into one year, you can surpass the standard deduction threshold and maximize your tax benefits.
