2024 Standard Deductions And Tax Brackets Single. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150. Now, if you are 65 or older and blind, the extra standard deduction for 2024 is $3,900 if you are single or filing as head of household.
The 2024 standard deduction is $14,600 for single filers and those married filing separately, $21,900 for heads of household and $29,200 for joint filers and surviving spouses. Tax rates report, giving you an early look at what brackets and other key tax figures will look like in 2024.
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