2024 Tax Rates And Deductions For Seniors. 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; These are not the tax rates and other numbers for 2023 (you'll find the official 2023 tax rates here).
Individual retirement arrangement (ira) contributions and deductions. The income tax brackets for individuals are much wider for 2024 because of inflation during the 2023 fiscal year.
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