New Standard Deduction For 2024 Income Tax . It will rise to $29,200, up from $27,700 in. 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.
The standard deduction rose in 2024. For single taxpayers and married individuals filing separately, the standard deduction will rise to $14,600 for 2024, an increase of $750 from 2023;
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