Single Filer Standard Deduction 2024

Single Filer Standard Deduction 2024. In 2023, a single filer making $45,000 of taxable income pays a 10% tax rate on $11,000 of their earnings, a 12% tax rate on the portion of the earnings between $11,001 and $44,725, and a 22%. Standard deduction consider this the amount of income you can earn tax free.

Irs standard deduction seniors over 65 2024 dona fidelity, if you’re 65 or older and also blind, add $3,700 to $13,850 standard. People 65 or older may be eligible for a higher amount.