Standard Tax Deduction 2024 Irs. Like tax year 2024, the standard deduction, tax brackets, and more will be updated for tax year 2025. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750.
The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750. It will rise to $29,200, up from $27,700 in 2024 for married couples filing jointly, amounting to a 5.4% bump.
Standard Tax Deduction 2024 Irs Images References :