Standard Deduction For 2024 Taxes Single. Your standard deduction — the amount you can use as a deduction on your 1040 tax return without itemizing — will also be higher. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.


Standard Deduction For 2024 Taxes Single

Plus, there’s good news for savers: You deduct an amount from your income before you calculate.

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