2024 Standard Tax Deduction Amount Worksheet. Use this worksheet to figure the amount of your projected withholding for 2024, compare it to your projected tax for 2024, and, if necessary, figure any adjustment to the amount you have. Subtract your gross income with income taxes (federal, state, local) and payroll taxes (fica, state insurance).

The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). Customized list of eligible expenses;