Irs Standard Deduction 2024 Head Of Household

Irs Standard Deduction 2024 Head Of Household. The 2024 standard deduction is $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.


Irs Standard Deduction 2024 Head Of Household

The standard deduction amounts increase for the 2024 tax year — which you will file in 2025. A hike in standard deduction would mean more tax savings for salaried individuals and pensioners.

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