2024 Standard Deductions And Tax Brackets. Here’s a look at the projected numbers for the tax year 2024, beginning jan. These are not the tax rates and other numbers for 2023 (you’ll find the official.
The internal revenue service (irs) adjusts tax brackets for inflation each year, and because inflation remains high, it’s possible you could fall into a lower bracket. For single taxpayers and married individuals filing separately, the standard deduction will rise to $14,600 for 2024, up $750 from this year;
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