2024 Standard Tax Deduction Amount Married

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2024 Standard Tax Deduction Amount Married. Itemized deductions can also reduce your taxable income, but the amount. Tax rates, which indicates inflation adjusted amounts in the tax code will increase 5.4% from 2023.


2024 Standard Tax Deduction Amount Married

That’s the 2024 regular standard deduction of $29,200 for married taxpayers filing joint returns, plus three additional standard deductions at $1,550 apiece. Each year, the irs adjusts standard deduction amounts for inflation (similar to its tax rate brackets, maximum 401k.

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