Standard Deduction 2024 Mfj

Standard Deduction 2024 Mfj. The standard deduction for taxpayers who don't itemize their deductions on schedule a (form 1040) is higher for 2023 than it was for 2022. The irs has released the standard deduction amounts for 2024, which increase the amounts that will be available on 2023 tax returns.


Standard Deduction 2024 Mfj

The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). These amounts are provided in the chart.

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