2024 Single Standard Deduction Amount . The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. The irs has released its 2024 standard deduction amounts.
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,. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly.
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