Single Filer Standard Deduction 2024
Single Filer Standard Deduction 2024. When the 2017 tax cuts and jobs act nearly doubled the standard deduction in 2018, many taxpayers stopped itemizing on their. For 2023, the federal standard deduction for single filers was $13,850, for married filing jointly it was $27,700 and for the head of household filers, it increased to $20,800.
Finance minister to present budget on july 23. Here are the standard deduction amounts set by the irs: