2024 Standard Deduction Amount Irs . — the standard deduction rose in 2024. — the internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket.
About 90% of all taxpayers take the. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.
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2024 Irs Tax Brackets And Standard Deduction Dulci Glennie , Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for.