2024 Tax Tables And Standard Deductions

2024 Tax Tables And Standard Deductions

2024 Tax Tables And Standard Deductions. Most people claim the standard deduction on their federal tax return instead of itemizing deductions. There are seven federal tax brackets for tax year 2025.


2024 Tax Tables And Standard Deductions

The standard deduction for a single person will go up from $13,850. If you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household.

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