Irs Standard Deduction 2024

Irs Standard Deduction 2024. For 2024, the standard deduction amount has been increased for all filers, and the amounts are as follows. This publication discusses some tax rules that affect every person who may have to file a federal income tax return.

For 2024, the standard deduction amount has been increased for all filers, and the amounts are as follows. A deduction reduces the amount of a taxpayer’s income that’s subject to tax, generally reducing the amount of tax the individual may have to pay.