2024 Standard Tax Deduction Irs . The irs released the 2024 standard deduction amounts for returns normally filed in april 2025. In 2024, the standard deduction is worth $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of.
The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed. The standard deduction is a fixed dollar amount that reduces the amount of income you get taxed on.
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