Standard Deduction For 2024 Tax Year

Standard Deduction For 2024 Tax Year. The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 — for single taxpayers and married individuals filing separately. Section 63 (c) (2) of the code provides the standard deduction for use in filing individual income tax returns.


Standard Deduction For 2024 Tax Year

The irs released the 2024 standard deduction amounts for returns normally filed in april 2025. The standard deduction will go up to $15,000 for 2025 tax returns — up $400 from 2024 — for single taxpayers and married individuals filing separately.

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