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Standard Deduction 2024 Single Dependent

Standard Deduction 2024 Single Dependent. If you earned $75,000 in 2023 and file as a single taxpayer, taking the standard deduction of $13,850 will reduce your taxable income to $61,150. A dependent is a qualifying child or relative who relies on you for financial support.


Standard Deduction 2024 Single Dependent

The 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. If you expect to claim the standard deduction on your 2024 tax return, enter the amount on line 2a.

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