Irs Standard Deduction 2024

Irs Standard Deduction 2024. Harris's plan suggests a lower 28% tax rate for the same. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.


Irs Standard Deduction 2024

In 2024, we brought phone wait times down to an average of three minutes, compared to 28 minutes before the ira was passed. 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.

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