2024 Standard Deduction Mfj 2024 . The annual standard deduction is a static amount determined by congress. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.
This publication discusses some tax rules that affect every person who may have to file a federal income tax return. Here are the standard deduction amounts set by the irs:
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