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Standard Deduction 2024 Head Of Household

Standard Deduction 2024 Head Of Household. The tax year 2024 adjustments described below generally apply to income tax returns filed in 2025. People who are age 65 and over have a higher standard deduction than the basic standard deduction.


Standard Deduction 2024 Head Of Household

For the tax year 2024, the standard deduction for married couples filing jointly will increase to $29,200, an increase of $1,500 over the tax year 2023. The federal income tax has seven tax rates in 2024:

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