What Is Standard Tax Deduction For 2024
What Is Standard Tax Deduction For 2024. The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. The irs adjusts the standard deduction.
The agency has boosted the income thresholds for each. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.