What Is The Standard Deduction For 2024 Hoh . See all standard deductions by year and legislative history. For single taxpayers and married individuals filing separately, the standard deduction rises to $14,600 for 2024, an increase of $750 from 2023;
For the 2023 tax year, which is filed in early 2024, the federal standard deduction for single filers and married folks filing separately was $14,600. The other ~10% itemize deductions when their total deductions exceed the standard deduction.
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