What Is Standard Tax Deduction For 2024 . Also, standard deduction limit for family. The 2024 standard deduction is $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household.
People 65 or older may be eligible for a higher amount. If you expect to claim the standard deduction on your 2024 tax return, enter the amount on line 2a.
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