What Is The New Standard Deduction For 2024. The standard deduction is also increasing 5.4% in 2024, the irs said. Also, take into account items listed under what's new for 2024,.


What Is The New Standard Deduction For 2024

The tax year 2024 adjustments described below generally apply to income tax returns filed in 2025. If you’re married, filing jointly or separately, the extra standard deduction amount was $1,500 per qualifying individual.

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