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2024 Standard Deduction 2024

2024 Standard Deduction 2024. Higher contribution limits for 401(k)s,. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).


2024 Standard Deduction 2024

For 2024, the additional standard deduction is $1,950 if you are single or file as head of household. This potentially lowers the amount you owe in taxes.

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