Standard Deduction 2024 Irs Table. In 2024, you will also have $184 in taxable interest and $1,000 of other taxable income. The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed.

Find the 2024 tax rates. The internal revenue service has unveiled the federal income tax brackets for 2025, which are adjusted for inflation.