2024

New Standard Deduction For 2024

New Standard Deduction For 2024. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. Seniors over age 65 may claim an additional standard deduction.


New Standard Deduction For 2024

Single taxpayers will have a standard deduction of $14,600,. You can claim a standard deduction to reduce your taxable income as well as an additional deduction if you are age 65 or older and/or blind.

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