2024 Standard Deduction Single

2024 Standard Deduction Single. 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. $14,600 for married couples filing separately;

In 2024, it is $14,600 for single taxpayers and $29,200 for married taxpayers filing jointly, slightly. For the 2024 tax year, the adjusted gross income (agi) amount for joint filers to determine the reduction in the lifetime learning credit is $160,000;