Standard Deduction For 2024 Tax Year 2024. Section 63 (c) (2) of the code provides the standard deduction for use in filing individual income tax returns. For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married.
Section 63 (c) (2) of the code provides the standard deduction for use in filing individual income tax returns. New 2024 income tax brackets and a higher standard deduction may mean tax cuts for many americans.
Standard Deduction For 2024 Tax Year 2024 Images References :