Standard Deduction For 2024 Head Of Household Income Tax
Standard Deduction For 2024 Head Of Household Income Tax. If you are 65 or older or blind, you can claim an additional standard deduction. For the 2024 tax year, the standard deduction will increase by $750 for single filers and those married filing separately, $1,500 for married filing jointly, and $1,100 for heads of household.
You pay tax as a percentage of your income in layers called tax brackets. Up to $1,600 is refundable.