Question
How much is the standard deduction in 2024
Answers
Answered by
GPT-4o mini
For the tax year 2024, the standard deduction amounts are as follows:
- **Single filers**: $14,600
- **Married filing jointly**: $29,200
- **Married filing separately**: $14,600
- **Head of household**: $21,900
These amounts may be adjusted for inflation, so it's always a good idea to verify with the IRS or a tax professional for the most accurate and up-to-date information.
- **Single filers**: $14,600
- **Married filing jointly**: $29,200
- **Married filing separately**: $14,600
- **Head of household**: $21,900
These amounts may be adjusted for inflation, so it's always a good idea to verify with the IRS or a tax professional for the most accurate and up-to-date information.