Income Tax Standard Deduction 2024. This information is based on current projections. Here’s how that works for a single person with taxable income of $58,000 per year:
For 2025, the standard deduction will increase to $15,000 for single taxpayers, $30,000. The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year.
Income Tax Standard Deduction 2024 Images References :
