Standard Deduction For 2024 Tax Year . The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. For more information, see standard deduction 2024 amounts and.
There will also be changes for the standard deduction for the 2024 tax year, the agency said. And you will want to.
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The IRS Just Announced 2023 Tax Changes! , 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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