Standard Tax Deduction 2024 Irs. Each eligible ira owner can exclude up to $105,000 in qcds from their taxable income in 2024. The standard deduction for a single person will go up from $13,850.
For instance, in the previous tax year adjustments, single filers saw a. Here’s what you need to know about deductions for tax year 2024 (with a filing deadline of april 15, 2025).