2024 Standard Deduction. For 2024, the standard deduction for an individual is $14,600, and married filing jointly is $29,200. Determine whether your purchase of an electric vehicle (ev) or fuel cell vehicle (fcv) qualifies for a tax credit.
The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). Other expiring provisions include an increase in the standard deduction, a cap on the deductibility of state and local taxes, and a reduction in the estate tax.
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The Standard Deduction Will Increase By $750 For Single Filers And By $1,500 For Joint Filers (Table 2).
The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.
Some People Go For The Standard Deduction Mainly Because It Is The Least Complicated And Saves Time.
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For 2024, The Standard Deduction For An Individual Is $14,600, And Married Filing Jointly Is $29,200.
$14,600 for married couples filing separately.
The Basic Standard Deduction In 2023 And 2024 Are:
Standard deduction reducing by 50%.
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