Standard Deduction For 2024 Single . For the tax year 2024, single filers (people who are not married and do not qualify for any other filing status) are eligible for a standard deduction of $14,600. People 65 or older may be eligible for a.
The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year. Near the end of each year, the irs issues a.
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