What Is The Standard Deduction For Seniors For 2024
What Is The Standard Deduction For Seniors For 2024. Here are the new 2024 standard deduction amounts, according to bloomberg tax's forecast: For more information, refer to how much is my standard deduction?, publication 501, publication 17, and code section 63 (c).
Here are the key benefits: The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).
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