What Is The Standard Deduction For 2024 Taxes Irs. In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly increased from. Your standard deduction consists of the sum of the basic standard.


What Is The Standard Deduction For 2024 Taxes Irs

Learn how it affects your taxable income and any limits on claiming it. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750.

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