What Is Standard Tax Deduction For 2024

What Is Standard Tax Deduction For 2024. The standard deduction is a flat dollar amount set by the irs based on your filing status. Also, standard deduction limit for.


What Is Standard Tax Deduction For 2024

Your standard deduction is the larger of:  — 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.

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