2024 Taxes Standard Deduction

2024 Taxes Standard Deduction. How much is the standard deduction for 2024? The business owner — assuming he or she is married — can then take the $14,600 standard deduction, reducing their taxable income to $69,400.

Here’s a look at the projected numbers for the tax year 2024, beginning jan. In this article we’ll cover what the standard deduction is, who’s eligible, the 2024 standard deduction by filing status, and more.