2024 2024 Standard Deduction U/S. The standard deduction is a specific dollar amount that reduces the amount of income on which you're taxed. — donald trump has articulated more than 100 policy proposals since announcing his reelection bid in late 2022 and politifact is tracking them ahead of his.
— the 2024 standard deduction for tax returns filed in 2025 is $14,600 for single filers, $29,200 for joint filers or $21,900 for heads of household. — house lawmakers from mostly coastal states are preparing for a battle over the salt deduction.