Standard Tax Deduction 2024 For Seniors.  โ€” while individuals and families were gifted with lower tax rates and a doubling of standard deduction among other sops, the industry saw a massive tax cut. For 2023, the standard deduction amount has been increased for all filers.


Standard Tax Deduction 2024 For Seniors

The standard deduction for a single person will go up from $13,850.  โ€” for the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for.

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