How Much Is The Standard Deduction For 2024 Game . These amounts are provided in the chart below. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.
The standard deduction for salaried individuals reduces your taxable income by a fixed amount, thereby lowering the total income on which you are taxed. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.
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