Irs Tax Standard Deduction 2024. This publication discusses some tax rules that affect every person who may have to file a federal income tax return. The irs released the 2024 standard deduction amounts for returns normally filed in april 2025.
Here’s what taxpayers need to know. The irs is changing over 60 tax provisions for the 2024 tax year, including a 5% increase to the standard deduction, due to inflation.