What Is The Standard Deduction For 2024 Hoh

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What Is The Standard Deduction For 2024 Hoh. Their standard deduction is roughly 33% larger than head of household filing status ($27,700 vs. The top marginal income tax rate of 37 percent will hit taxpayers with taxable.


What Is The Standard Deduction For 2024 Hoh

For the 2023 tax year (for forms you file in 2024), the standard deduction is $13,850 for single filers and married couples filing. The standard deduction for married couples filing jointly for tax year 2024 rises to $29,200, an increase of $1,500 from tax year 2023.

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