Standard Tax Deduction 2024 Single . Standard deductionthe standard deduction reduces a taxpayer’s taxable income by a set amount determined by. For tax year 2024, the standard deduction is $14,600 if you file as single or married filing separately.
For 2023, they’ll get the regular standard deduction of $27,700 for a married couple filing jointly. For comparison, the standard deduction amounts for single taxpayers and married taxpayers filing separately was $14,600 in 2024.
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