Standard Deduction For 2024 Head Of Household 2024

Standard Deduction For 2024 Head Of Household 2024. For the 2023 tax year, the additional standard deduction amounts are $1,850 for single filers or heads of household and $1,500 for married filers or qualifying widow(er)s. The size of your standard deduction depends largely on your tax filing status.

If you’re the head of a household—single, paying for at least half of the household’s costs, and have dependents—you’ll get a bigger deduction than single. If you qualify to file as head of household, instead of as married filing separately, your tax may be lower, you may be able to claim certain tax benefits, and your standard.