November 30, 2024

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2024 Standard Tax Deduction Chart With Dependents

2024 Standard Tax Deduction Chart With Dependents. A larger standard deduction will shelter more income from federal income tax next year. For instance, the irs increased the standard deduction amounts from 2023 to 2024.


2024 Standard Tax Deduction Chart With Dependents

Here’s how that works for a single person with taxable income of $58,000 per year: 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.

2024 Standard Tax Deduction Chart With Dependents Images References :