2024 Standard Deduction Head Of Household. If you make $70,000 a year living in delaware you will be taxed $11,042. People 65 or older may be eligible for a higher amount.
The standard deduction amounts increase for the 2024 tax year โ which you will file in 2025. This is greater than the single or married filing separately filing statuses, but less than married filing jointly.
Standard Deduction Of Rs 50,000 Is Available In Both The Old And The New.
$14,600 for married couples filing separately;
Single, Married And Head Of Household.
In 2024, the standard deduction will be $29,200 (for married couples filing jointly), $21,900 (for heads of households), and $14,600 (for singles and married couples filing separately).
2024 Standard Deduction Head Of Household Images References :
Can Two People File Head Of Household On Their Return?
What is the standard deduction when filing as head of household?
1.5 Lakh Has Remained Unchanged Since 2014.
Seniors over age 65 may claim an additional standard deduction of $1,950 for single filers and $1,550 for joint filers.