Standard Deduction For 2024 Single Filer

Standard Deduction For 2024 Single Filer. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). Here are the standard deduction amounts set by the irs:

The government indicated in the 2023/24 budget that it plans to implement the global minimum tax (i.e., an income inclusion rule (iir), undertaxed profits rule (utpr), and. 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.