Standard Deduction For 2024 Tax Season

Standard Deduction For 2024 Tax Season. The federal tax brackets and income tax rates for 2023 and. And the standard deduction for heads of households will be $21,900, up $1,100 from 2023.

The amt exemption amount for tax year 2024 for single filers is $85,700 and begins to phase out at $609,350 (in 2023, the exemption amount for. The standard deduction for single filers rose to $13,850 for 2023, up $900;