What Is the 2024 Standard Deduction?
Standard Deduction Increase in 2024 The IRS has adjusted standard deduction amounts for 2024 to account for inflation across all filing statuses. Here are the new amounts: Single filers and married filing separately: $14,600 Married filing jointly: $29,200 Heads of household: $21,900 Key 2024 Income Tax Exemptions and Deductions In 2024, several key exemptions and … Read more