Standard Deduction 2024 Head Of Household Irs

Standard Deduction 2024 Head Of Household Irs. If your filing status is head of household your standard deduction is $20,800 for tax year 2023 (and $21,900 for tax year 2024). In 1969, congress passed the alternative minimum tax (amt) to make sure rich.

A standard deduction of $29,200 in 2024, reducing taxable income by the maximum amount. For taxpayers who are blind or at least age 65, you can claim an additional standard deduction.