Standard Deduction 2024 Married Separately . You can choose married filing separately as your filing status if you are married. Here is everything you need to know about the standard deduction in 2024 so you can make the calculations for your small business correctely.
For 2025, it’s $15,000 for singles, $30,000 for joint filers. The standard deduction amounts increase for the 2024 tax year — which you will file in 2025.
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