2024 Standard Tax Deduction Amounts

2024 Standard Tax Deduction Amounts. In 2024, the standard deduction ranges from $14,600 to $29,200. The highest earners fall into the 37% range,.


2024 Standard Tax Deduction Amounts

The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. 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.

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