Standard Deduction 2024 Irs Website. Taxpayers who are 65 and older, or are blind, are eligible for an additional. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150.

Learn how it affects your taxable income and any limits on claiming it. $29,200 for married individuals filing jointly and surviving spouses, $21,900 for heads of households, and.