2024 Irs Standard Deduction Amount. $14,600 for married couples filing separately; Your standard deduction consists of the sum of the basic standard.


2024 Irs Standard Deduction Amount

The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed. The additional standard deduction for 2024 is $1,950 (up $100 from 2023) per single person (or head of household) or $1,550 (up $50 from 2023) per qualifying individual that is married filing jointly or separately.

2024 Irs Standard Deduction Amount Images References :