Irs Standard Deduction 2024 For Seniors. In tax year 2024, the standard deductions are as follows: The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.


Irs Standard Deduction 2024 For Seniors

For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the.

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