How Much Is The 2024 Standard Deduction. (returns normally filed in 2025) standard deduction amounts increased between $750 and $1,500 from 2023. The 2024 basic standard deduction amounts for most people increased by approximately 5.4%.
The 2024 standard deduction is presented below for 4 of the most common filing statuses. For 2023, the federal standard deduction for single filers was $13,850, for married filing jointly it was $27,700 and for the head of household filers, it increased to $20,800.
For 2024, The Additional Standard Deduction Amount For The Aged Or The Blind Is $1,550.
$14,600 for married couples filing separately.
The Deduction Set By The Irs For The 2024 Tax Year Is As Follows:
For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;
The 2024 Standard Deduction Was Raised To $14,600.
Images References :
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.
For 2023, the federal standard deduction for single filers was $13,850, for married filing jointly it was $27,700 and for the head of household filers, it increased to $20,800.
How Much Is The Standard Deduction For 2023?
$0 for free edition, $69 for deluxe, $129 for premium.