Standard Deductions 2024 Tax. Tax credits and deductions change the amount of a person's tax bill or refund. The standard deduction for tax year 2024 is $14,600 for singles, $29,200 for joint filers and $21,900 for heads of household.


Standard Deductions 2024 Tax

The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed. For the 2024 tax year.

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