How Much Is The Standard Deduction For 2024 . You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.
For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; Federal income tax rates and brackets.
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How Much Is The Standard Deduction For 2024 In India Elyse Barbara , For the 2023 tax year, the additional standard deduction amounts are $1,850 for single filers or heads of household and $1,500 for married filers or qualifying widow.
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