How Much Is Standard Deduction 2024 Single

Edna Nichol2024 How Much Is Standard Deduction 2024 Single

How Much Is Standard Deduction 2024 Single

How Much Is Standard Deduction 2024 Single. For married couples filing jointly, the standard deduction will be $29,200. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.


How Much Is Standard Deduction 2024 Single

The standard deduction for tax year 2024 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household. You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind.

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