Standard Deduction 2024 Married Jointly 65 Lakhs. See all standard deductions by year and legislative history. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household.
Single or head of household. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2023.
In 2024, It Is $14,600 For Single Taxpayers And $29,200 For Married Taxpayers Filing Jointly, Slightly Increased From 2023 ($13,850 And $27,700).
65 or older or blind.
It's $3,000 Per Qualifying Individual If You Are Married, Filing Jointly Or Separately.
See current federal tax brackets and rates based on your income and filing status.
Individuals Over 65 Are Eligible For A Higher Standard Deduction Compared To Younger Taxpayers.
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65 Or Older And Blind.
The deduction set by the irs for the 2024 tax year is as follows:
Taxpayers 65 And Older And Those Who Are Blind Can Claim An.
The 2024 standard deduction amounts are as follows:
Married Filing Jointly *** Under 65 (Both Spouses) $27,700: