2024 Standard Deduction . The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.
The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.
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What Is the Standard Deduction? [2023 + 2024] , The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.
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2024 Standard Deduction Amounts Are Here , For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;