Standard Deduction For 2024 Tax Years Criteria. Premium, turbotax live, and turbotax live full service products. The additional standard deduction amount increases to $1,950 for unmarried taxpayers.
For married couples filing jointly for tax year 2024, the deduction increased to $29,200, up $1,500 from tax year 2023, the irs said. Here is everything you need to know about the standard deduction in 2024 so you can make the calculations for your small business correctely.
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