What Is Standard Tax Deduction For 2024 Single . For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.
The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). 2024 standard deduction for single filers.
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