Irs Standard Deduction 2024 Single

2024

Irs Standard Deduction 2024 Single. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay.


Irs Standard Deduction 2024 Single

People 65 or older may be eligible for a higher amount. Here are the standard deduction amounts set by the irs:

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