Capital What Is Standard Tax Deduction For 2024 . The standard deduction will increase by $750 for single filers and by $1,500 for joint filers (table 2). When selling investments at a loss, claim a capital loss tax deduction.
Under the latest adjustment, the standard deduction will climb to $14,600 for individuals in 2024, up from $13,850. Donโt be afraid of going into the next tax bracket.
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