Standard Tax Deduction 2024. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.

If you expect to claim the standard deduction on your 2024 tax return, enter the amount on line 2a. Malaysia personal income tax tables in 2024.