Standard Deduction 2024 Irs 2024 . The irs is increasing the tax brackets by about 5.4% for both individual and married filers across the different income spectrums. For taxable years beginning in 2024, the additional standard deduction amount under ยง 63(f) for the aged or the blind is $1,550.
Income thresholds for all seven federal tax bracket levels were also revised upward. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.
Standard Deduction 2024 Irs 2024 Images References :
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