What Is The Standard Deduction For 2024 Taxes

What Is The Standard Deduction For 2024 Taxes. How to file your taxes: 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 household.


What Is The Standard Deduction For 2024 Taxes

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. For 2024, the additional standard deduction is $1,950 if you are single or file as head of household.

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