What Is The Standard Deduction For 2024

What Is The Standard Deduction For 2024. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; The standard deduction is a specific dollar amount that reduces the amount of taxable income.


What Is The Standard Deduction For 2024

Single or married filing separately—$14,600. You deduct an amount from your income before you calculate taxes.

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