Standard Tax Deduction 2024 For Seniors

 

Standard Tax Deduction 2024 For Seniors. It capped itemized deductions for state and local taxes but nearly doubled the standard deduction. The standard deduction amounts will increase to $14,600 for individuals and married couples filing separately, representing an increase of $750 from 2023.


Standard Tax Deduction 2024 For Seniors

The bank is a ‘specified bank’ as notified by the central government. 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.

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