Standard Deduction 2024 Mfj. Standard deduction amounts (2024) kelly phillips erb also, for 2024, it's predicted that the standard deduction for an individual who may be claimed as a dependent by another. It's $3,100 per qualifying individual if.

The standard tax deduction is a set amount that taxpayers are automatically allowed to deduct from their taxable income, thus lowering their total tax owed. Find the 2024 tax rates.