Standard Tax Deduction 2024 Single

Standard Tax Deduction 2024 Single. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married couples. For the 2024 tax year (filed in 2025), the irs has set the standard deduction as follows:


Standard Tax Deduction 2024 Single

For 2024, that extra standard deduction is $1,950 if you are single or file as head of household. The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed.

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