Standard Deduction For 2024 Head Of Household . Each year, the irs adjusts standard deduction amounts for inflation (similar to its tax rate brackets, maximum 401k. $14,600 for married couples filing.
If you qualify to file as head of household, instead of as married filing separately, your tax may be lower, you may be able to claim certain tax benefits, and your standard deduction will be higher. The standard deduction for 2024 varies depending on filing status.
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