What Is The Standard Deduction For 2024 . And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the amount for tax year 2023. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.
Claiming this could lower your tax bill. 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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