Standard Deduction For 2024 . These amounts are provided in the chart below. The standard deduction for 2024 varies depending on filing status.
The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year. For single filers and married individuals filing separately, itโs $13,850.
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What Is the Standard Deduction? [2023 + 2024] , The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.
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