2024 Standard Deductions And Tax Brackets. Use the calculator below to estimate your 2024 standard deduction, which applies to tax returns due by april 15, 2025, or october 2025 with an extension. T he internal revenue service on thursday announced the inflation adjustments for the standard deduction, federal income tax brackets, and a host of other provisions for tax year 2024.

Remember that these are just projections. Higher contribution limits for 401(k)s,.