Standard Deduction 2024 Irs Website

Standard Deduction 2024 Irs Website. For taxable years beginning in 2024, the additional standard deduction amount under § 63(f) for the aged or the blind is $1,550. The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket.

The standard deduction for 2024 is: For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;