Irs Tax Standard Deduction 2024

Irs Tax Standard Deduction 2024. Each year, the irs adjusts standard deduction amounts for inflation (similar to its tax rate brackets, maximum. The 2024 standard deductions and 2024 tax brackets have.

The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the.