2024 Standard Tax Deduction Amount Per Person . The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns. Ahead of the budget, there were speculations that the.
The standard deduction for tax year 2024 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household. Additionally, taxpayers need not submit any.
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