Standard Deduction For 2024 For Seniors . The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. For 2024, the standard deduction is $1,550 more than the.
The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). $3,700 if you are single or filing as head of household.
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