Income Tax Standard Deduction 2024 Single. The standard deduction is a fixed dollar amount that reduces the amount of income you get taxed on. Here are the projected standard deduction amounts for 2024:
The irs allows every taxpayer, based on your filing status, to deduct a flat dollar amount from your adjusted gross income (agi). For 2024, married couples have a standard deduction of $29,200 and single filers a standard deduction of $14,600.
Income Tax Standard Deduction 2024 Single Images References :