Thia Miriam

Irs Income Tax Standard Deduction 2024. The standard deduction, which reduces the amount of income you must pay taxes on, is claimed by a majority of taxpayers. People 65 or older may be eligible for a higher.

For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023; You expect to file a joint income tax return.