Irs 2024 Standard Deductions And Tax Brackets . The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus. Taxpayers who are 65 and older, or are blind, are eligible for an additional standard.
The 2024 standard deduction amounts are as follows: It increases to $12,950 for single taxpayers and $29,200 for married couples.
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