Standard Deduction 2024 Single Dependent. The maximum earned income tax credit in 2024 for single and joint filers is $632 if the filer has no children (table 5). For 2024, the standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,300 or the sum of $450.

It answers some basic questions: For 2024, the standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,300 or the sum of $450.