Standard Deduction 2024 Single Dependent. For 2024, the standard deduction for dependents is limited to either $1,300 or the sum of $450 and the dependent's earned income, whichever is greater. $27,700 for married couples filing jointly or qualifying surviving.
The standard deduction in 2024 is $14,600 for individuals, $29,200 for joint filers, and $21,900 for heads of households. For 2024, the deduction gradually phases out starting at a modified agi (magi) of $75,000 for single filers, and $155,000 for married couples filing jointly.
Standard Deduction 2024 Single Dependent Images References :