What Is The Standard Deduction For 2024 In Usa

What Is The Standard Deduction For 2024 In Usa. For the 2023 tax year, the additional standard deduction amounts are $1,850 for single filers or heads of household and $1,500 for married filers or qualifying widow(er)s. The amount depends on your filing.

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 for the income you earn in 2024. Find the 2024 tax rates.