Gaynor Othelia

Standard Deduction 2024 Age 68. Here’s how it works and what it is in 2024 and 2025. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed.

In this guide, we’ll break down the 2024 standard deduction,. The standard deduction is a specific dollar amount that reduces the amount of income on which you’re taxed.