Standard Tax Deduction 2024 . The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. What is the standard deduction for 2024?
A deduction reduces the amount of a taxpayer’s income that’s subject to tax, generally reducing the amount of tax the individual may have to pay. 4, 2024 โ tax credits and deductions change the amount of a personโs tax bill or refund.
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2024 Standard Deduction Gates Joellen , If youโre filing as single or married filing separately, you can deduct $13,850 for tax year 2023 (and $14,600 for.
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