What Is The New Standard Deduction For 2024. Heads of households will see their standard deduction jump to $21,900 in 2024, up from. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.


What Is The New Standard Deduction For 2024

You deduct an amount from your income before you calculate taxes. For individuals, the new maximum will be $14,600 for 2024, up from $13,850, the irs said.

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