Income Tax Standard Deduction 2024 Calculator
Income Tax Standard Deduction 2024 Calculator . Calculate your federal, state and local taxes for the current filing year with our free income tax calculator. The standard deduction is a set amount based on how you file your taxes, with additional benefits for those who are 65 and older or visually impaired.
The standard deduction is a flat dollar amount set by the irs based on your filing status. Your standard deduction depends on your filing status, age and whether a taxpayer is blind.
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Tax Calculator FY 20232024 How to Create Tax , The standard deduction for a single person will go up from $13,850 in 2023 to $14,600 in 2024, an increase of 5.4%.
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