2024 Tax Standard Deduction . Irs announces 2024 tax changes, updated standard. In 2024, the income limits for every tax bracket and all filers will be adjusted for inflation and will be as follows (table 1).
The standard deduction for couples filing jointly is $29,200 in 2024, up from $27,700 in the 2023 tax year. The amt exemption rate is also subject to inflation.
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