2024 Standard Deduction. Find out the standard deduction amounts, retirement savings credit income limits, and other changes for 2024. 22, 2024, the irs announced the annual inflation adjustments for 2025.
See the standard deduction, marginal rates, alternative minimum tax, earned income tax credit, and other amounts for 2024. 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.
