Standard Deduction For 2024 Single Filer . Here are the standard deduction amounts set by the irs: The 2024 standard deduction will be 5.4% higher than it is for 2023.
For 2023 taxes, due in april 2024, the standard deduction is $13,850 for single filers and those who are married filing separately. Of course, taxpayers should still compare their overall tax advantages before deciding.
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