Irs provides tax inflation adjustments for tax year 2024. The irs allows every taxpayer, based on your filing status, to deduct a flat dollar amount from your adjusted gross income (agi).
Page last reviewed or updated: The irs will publish the official tax brackets and other tax numbers for 2024 later this year, likely in october.
For The 2023 Tax Year (For Forms You File In 2024), The Standard Deduction Is $13,850 For Single Filers And Married Couples Filing Separately, $27,700 For Married.
Per the irs, the standard deduction amount for tax year 2023 (filed in 2024) is $13,850 for single filers, $27,700 for married couples and $20,800 for heads of.
The 2024 Standard Deduction Is $14,600 For Single Filers, $29,200 For Joint Filers And $21,900 For Heads Of Household.
The deduction set by the irs for the 2024 tax year is as follows:
Images References :
Tax Year 2023 Standard Deduction Amounts.
2024 federal income tax brackets.
The Irs Released The 2024 Standard Deduction Amounts For Returns Normally Filed In April 2025.