Standard Tax Deduction 2024

Standard Tax Deduction 2024. The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.

$14,600 for married couples filing. Among the proposals harris is expected to reveal during a new hampshire campaign speech today is the tenfold expansion of the current $5,000 tax deduction for.