New Standard Deduction For 2024

New Standard Deduction For 2024. The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%. People 65 or older, or who are blind, get a.


New Standard Deduction For 2024

The standard deduction for 2023 will be $13,850 for singles and $27,700 for couples. It’s called the extra standard deduction, exclusively for people who are 65 years and.

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