Standard Deduction For 2024 And 2024
Standard Deduction For 2024 And 2024 . Here are the standard deduction amounts set by the irs: The standard deduction rose in 2024.
If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150. 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.
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