2024 Standard Deduction Irs . The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.
The standard deduction for 2024 is $14,600 for single filers and those married filing separately, $29,200 for joint filers and surviving spouses, and $21,900 for heads of household. For tax year 2024, for example, the standard deduction for those filing as married filing jointly is $29,200.
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IRS Standard Deduction 2024 What is it and All You Need to Know about the IRS Deductions for , People who are age 65 and over have a higher standard deduction than the basic standard deduction.
