Standard Tax Deduction 2024. Trump’s policy proposals, agenda47, include a plan to make “the provisions of the trump tax cuts and jobs act (tcja) that doubled the standard deduction”. Most taxpayers now qualify for the standard deduction, but there are some important details involving itemized deductions that people should keep in mind.


Standard Tax Deduction 2024

For 2024 (tax returns typically filed in april 2025), the standard deduction amounts are $14,600 for single and for those who are married, filing separately; The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.

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