Standard Deduction 2024 Over 65 Single

Standard Deduction 2024 Over 65 Single. The 2025 standard deduction amounts are as follows: The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%.


Standard Deduction 2024 Over 65 Single

Understanding the standard deduction can help you simplify your taxes and save money in 2024 and 2025. The top marginal tax rate in tax year 2024, will remain at 37% for single individuals with incomes.

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