Standard Deduction 2024 Mfj Tax . The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. Section 63(c)(2) provides the standard deduction for use in filing individual income tax returns.
The additional standard deduction amount for 2024 (returns usually filed in early 2025) is $1,550 ($1,950 if unmarried and not a surviving. Learn the irs rates and inflation adjustments for 2024 federal taxesโtax brackets, standard deductions, new ira rules, and more.
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