2024 Income Tax Standard Deduction Over 65. The standard deduction amounts for 2024 are $14,600 for single filers, $29,200 for joint filers, and $21,900 for heads of household. The personal exemption for 2024 remains at $0 (eliminating the personal exemption was part of the tax cuts.
The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. Bloomberg tax has released its annual projected u.s.
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