2024 Federal Tax Deductions. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). In the realm of tax law and conservation easements, the march 28, 2024, decision in valley park ranch, llc, reed oppenheimer, tax.
For single taxpayers and married individuals filing separately, the standard deduction will rise to $14,600 for 2024, up $750 from this year; The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2).