What is the standard deduction?
You can take either the standard deduction or you can itemize your tax-deductible expenses.
The standard deduction for 2024 depends on your marital status, as follows:
| Filing status | Standard deduction |
| Single | $14,600 |
| Head of Household | $21,900 |
| Married filing joint or qualifying surviving spouse |
$29,200 |
| Married filing separate | $14,600 |
Additional standard deduction
You are also allowed an additional standard deduction amount if you and/or your spouse is 65 or older or blind. Contact our Customer Service Representative to discuss your individual situation to determine your exact amount of additional standard deduction.
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