2024 Tax Rates And Standard Deduction. The standard deduction is a dollar amount that reduces the amount of income on which you are taxed and varies according to your tax filing status. How much is the standard deduction for 2024?
10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. The standard deduction for 2024 (tax returns filed in 2025) is $14,600 for single filers and married people filing separately, $21,900 for heads of household, and $29,200 for.
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