Standard Federal Deduction 2024
Standard Federal Deduction 2024. For 2023 (tax returns typically filed in april 2024), the standard deduction amounts are $13,850 for single and for those who are married, filing separately; The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).
Published 6:00 am edt, fri february 16, 2024. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an.