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Standard Deduction 2024 Head Of Household Vs Single

Standard Deduction 2024 Head Of Household Vs Single. The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%. Married couples filing jointly will see a deduction of $29,200, a boost of $1,500 from 2023, while heads of household will see a jump to $21,900 for heads of household, an.


Standard Deduction 2024 Head Of Household Vs Single

The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). The head of household filing status can claim a significantly larger standard deduction than those filing as single ($21,900 vs $14,600 for 2024).

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