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What Is Standard Tax Deduction For 2024 Income Tax. The personal exemption for 2024 remains at $0. These amounts are provided in the chart below.
Standard deductions ensure that all taxpayers have at least some income that is not subject to federal income tax. Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.
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Category: 2024