2024 Tax Tables And Standard Deductions For Seniors

2024 Tax Tables And Standard Deductions For Seniors. The standard deduction amounts for 2024 have increased to $14,600 for single filers, $29,200 for joint filers and $21,900 for heads of household. 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.

You can use our federal tax brackets calculator to determine how much tax you will pay for the current tax year, or to determine how much tax you have paid in previous tax years. These are not the tax rates and other numbers for 2023 (you’ll find the official.