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2024

2024 Standard Tax Deduction

2024 Standard Tax Deduction. For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. The amt exemption rate is also subject to inflation.


2024 Standard Tax Deduction

The tax year 2024 adjustments described below generally apply to income tax returns filed in 2025. For 2024, the limit is $1,300 or your earned income, plus.

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