2024 Standard Tax Deduction Amounts. The standard deduction is typically revised annually for inflation, and is different for each filing status. Taxpayers who are 65 and older, or are blind, are eligible for an.


2024 Standard Tax Deduction Amounts

Section 63(c)(2) provides the standard deduction for use in filing individual income tax returns. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;

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