2024 Standard Deduction Head Of Household Vs Single

2024 Standard Deduction Head Of Household Vs Single. The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). It's $3,100 per qualifying individual if you are married filing.


2024 Standard Deduction Head Of Household Vs Single

Head of household filing status has two main advantages over filing single or married filing separately—more of your taxable income falls under lower tax brackets and you. On top of that, heads of household can get more favorable tax rates.

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