What Is The Standard Deduction For 2024 Hohenwald
What Is The Standard Deduction For 2024 Hohenwald. The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. About 90% of all taxpayers take the.
A deduction reduces the amount of a taxpayer’s income that’s subject to tax, generally reducing the amount of tax the individual may have to pay. In tax year 2024, the standard deductions are as follows: