What Is The Standard Deduction For 2024

What Is The Standard Deduction For 2024. Seniors over age 65 may claim an additional standard deduction. The standard deduction is tied to inflation, so the amounts change a bit each year.

September 3, 2024 at 5:39 pm edt by taegan goddard leave a comment. Your standard deduction — the amount you can use as a deduction on your 1040 tax return without itemizing — will also be higher.