What Is The Standard Deduction For 2024 Taxes In Usa

What Is The Standard Deduction For 2024 Taxes In Usa. Federal income tax rates and brackets. Single taxpayers and married individuals filing separately will have a standard deduction of $14,600, an increase of $750 from the current tax year.


What Is The Standard Deduction For 2024 Taxes In Usa

For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing separately, $27,700 for married. The seven federal income tax brackets for 2024 are 10%, 12%, 22%, 24%, 32%, 35% and 37%.

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