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Please check your actual tax return. You may already have the Standard deduction.
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The standard deduction for taxpayers who do not itemize deductions on Form 1040, Schedule A, has increased.
The standard deduction amounts for 2024 are:
Taxpayers who are 65 and Older or are Blind
For 2024, the additional standard deduction amounts for taxpayers who are 65 and older or blind are:
Dependents
For 2024, the standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of (1) $1,300, or (2) the sum of $450 and the individual's earned income.
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