2024 Standard Deduction Irs . The 2024 tax year standard deductions will increase to $29,200 for married couples filing jointly, up $1,500 from $27,700 for the 2023 tax year. The irs is increasing the tax brackets by about 5.4% for both individual and married filers across the different income spectrums.
For the 2024 tax year, the standard tax deduction is: The irs has released its 2024 standard deduction amounts.
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