2024 Standard Deductions And Tax Brackets Single

2024 Standard Deductions And Tax Brackets Single. Bloomberg tax has released its annual projected u.s. In addition to tax brackets, standard deductions are another critical component of the tax code.


2024 Standard Deductions And Tax Brackets Single

The standard deduction amount for tax year 2023 (filed in 2024) is $13,850 for single filers, $27,700 for married couples, and $20,800 for heads of household. The deduction set by the irs for the 2024 tax year is as follows:

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