What Is Standard Tax Deduction For 2024 Taxes . Tax rates report, giving you an early look at what brackets and other key tax figures will look like in 2024. The standard deduction reduces your adjusted gross income (agi) for the year.
It’s $29,200 if you’re a surviving spouse or. For 2024, the baseline amount for those claimed as a dependent, increases to $1,300 and the standard deduction increase to $14,600 for those filing as single.
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