2024 Standard Tax Deduction For Single . If you’re filing as single or married filing separately, you can deduct $13,850 for tax year 2023 (and $14,600 for tax year 2024). Here are the standard deduction amounts set by the irs:
The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023. If you are 65 or older or blind, you can claim an additional standard deduction.
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