Standard Deduction 2024 Irs Website. These amounts are provided in the chart below. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.


Standard Deduction 2024 Irs Website

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. Here are the standard deduction amounts set by the irs:

Standard Deduction 2024 Irs Website Images References :