What Is The Standard Deduction For 2024 Irs. How much 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;


What Is The Standard Deduction For 2024 Irs

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. In tax year 2024, the standard deductions are as follows:

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