2024 Standard Tax Deduction For Single

2024 Standard Tax Deduction For Single. 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. Here's how the changes might play out for an individual filer who earns $100,000 both in 2023 and 2024, and who.

If you expect to claim the standard deduction on your 2024 tax return, enter the amount on line 2a. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.