Hulda Laurice

What Is The Standard Deduction For 2024 Irs. Here's what taxpayers need to know. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.

And for heads of households, the standard deduction will be $21,900 for tax year 2024, an increase of $1,100 from the. Your standard deduction consists of the sum of the basic standard deduction and.