2024 Standard Deductions And Tax Brackets . The following figures are for tax year 2024. A handful of tax provisions, including the standard deduction and tax brackets, will see new.
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. For individuals, the new maximum will be $14,600 for 2024, up from $13,850, the irs said.
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