2024 Standard Tax Deduction Chart 2024

2024 Standard Tax Deduction Chart 2024. The irs on thursday announced higher federal income tax brackets and standard deductions for 2024. The irs is changing over 60 tax provisions for the 2024 tax year, including a 5% increase to the standard deduction, due to inflation.

Bloomberg tax & accounting released its 2024 projected u.s. 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.