Standard Deduction For 2024 Irs
Standard Deduction For 2024 Irs. People who are age 65 and over have a higher standard deduction than. The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year.
The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed. The agency has boosted the income thresholds for each.